The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of January 2009. There were 114 residential and condominium closings reported for the month of January, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.
Compared to January of 2008, the single family residential closings decreased 26 percent and the median price decreased by 8 percent. Compared to 2006, the median home prices have increased by 24 percent. The average days on the market (DOM) for residential homes has increased by 8 days. The median is a typical market price where half of the homes sold for more and half sold for less.
With 107 residential closings, the median price was $365,000 and the average $468,785 with average Days on Market at 95. Compared to 2008 where there were 145 closings, a median price of $395,000, an average price of $451,792 and days on market at 87.
With 7 condo closings compared to 28 last year, the median price was $220,000, average price at $172,493 and 69 days on the market. The prices are up in comparison to last year’s $174,308 median and $182,131 average price with only 35 days on the market.
“The Williamson County real estate market performed as expected for January. There is pent up demand from buyers and many consumers are waiting to hear about potential tax incentives proposed in the Economic Stimulus Package before making decisions. Buyers are looking, as the number of showings of homes for sale has increased in the last few weeks. We anticipate many buyers taking advantage of the lower interest rates and potential tax advantages enacted by the Federal Government,” said Diane Johnson, 2009 President of the Williamson County Association of REALTORS®.
