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read below an excerpt from the official press release sent yesterday!
"Williamson County Association of REALTORS® Announces November Housing Numbers
December 7, 2007 (Franklin, TN)—The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of November 2007. There were 278 residential and condominium closings reported for the month of November, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.
Compared to November of 2006, the single family residential closings decreased 20 percent and the median price decreased by 9 percent. Condominiums closings have increased by 30 percent and the median price increased by 16 percent. The decrease in the median price appears to be tied to a decrease in the number of homes in the over $1 million range closing in November. The average days on the market (DOM) for residential homes have increased by 14 days and condominiums have increased by 17 days. Days on the market have been consistent since the onset of 2007, with the days ranging from 58 – 68 days. Median prices have remained consistent since January 2007, ranging from $365,000 to $391,200. The median is a typical market price where half of the homes sold for more and half sold for less..."
November 2007
Residential Closings: 247
Median Price: $365,000
Average Price: $427,205.69
Days on Market: 69
Condominium Closings: 31
Median Price: $ 219,990
Average Price:$ 227,241
Days on Market: 40
1 comment:
Well written article.
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