I find that a lot of my clients like to know the real estate sales statistics for the Williamson County Tennessee sales area. We update this sales statistics information on a monthly basis and it covers Williamson county MLS area, BUT if you would like have statistics for the entire Middle Tennessee area or local information for your area (or even neighborhood), I am always happy to help!
There were 123 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 2009, the single family residential closings increased by three percent and the median price decreased by 14 percent. Compared to 2005, the median home prices have increased by eight percent. The average days on the market (DOM) for residential homes has increased by 9 days. The median is a typical market price where half of the homes sold for more and half sold for less.
January 2010
| Closings | Median Price | Average Price | DOM | |
| Residential | 110 | $ 312,450 | $ 361,678 | 104 |
| Condominium | 13 | $ 186,500 | $ 165,546 | 83 |
January 2009
| Closings | Median Price | Average Price | DOM | |
| Residential | 107 | $ 365,000 | $ 468,785 | 95 |
| Condominium | 7 | $ 220,000 | $ 172,493 | 69 |
January 2008
| Closings | Median Price | Average Price | DOM | |||||
| Residential | 145 | $ 395,000 | $ 451,792 | 87 | ||||
| Condominium | 28 | $ 174,308 | $ 182,131 | 36 | ||||
January 2007
| Closings | Median Price | Average Price | DOM | |
| Residential | 245 | $ 388,757 | $ 451,494 | 66 |
| Condominium | 32 | $ 157,965 | $ 185,573 | 35 |
January 2006
| Closings | Median Price | Average Price | DOM | |
| Residential | 301 | $ 294,000 | $ 358,305 | 52 |
| Condominium | 24 | $ 181,000 | $ 191,768 | 46 |
The market is slowly gaining ground. Much of the current activity has been driven by first time home buyers who are purchasing less expensive homes than the typical move up or transferee buyer. Don’t expect to see an increase in the median price until at least the middle of the second quarter after the tax incentives expire. Historical trends show that as sales increase, the median sales price goes up as well. The Home Buyer’s Tax Credit extension and the expansion to include existing homeowners who have owned their homes for five or more years will fuel sales for the next three months. Move-up homeowners can receive a $6500 tax credit on the purchase of a home if they have lived in the home for five consecutive years out of the past eight years. This tax credit requires a contract date of April 30th; call me today to begin the process 615-351-4736!
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