Williamson County TN Declines in Home Sales/Prices Going Up! Brentwood TN Real Estate

Brentwood TN Real Estate
Compared to February of 2007, the single family residential closings decreased 37 percent and the median price increased by 4 percent. Compared to 2006, the median home prices have increased by 27 percent. Condominiums closings have decreased by 25 percent and the median price increased by 19 percent. The average days on market (DOM) for residential homes has increased by 14 days and condominiums have remained consistent. The median is a typical market price where half of the homes sold for more and half sold for less. February 2008
Closings
Median Price
Average Price
DOM
Residential
163
$ 387,000
$ 439,578
77
Condominium
27
$ 215,000
$ 232,452
60 February 2007
Closings
Median Price
Average Price
DOM
Residential
260
$ 371,118
$ 432,966
63
Condominium
36
$ 180,652
$ 220,079
61 February 2006
Closings
Median Price
Average Price
DOM
Residential
296
$ 304,900
$ 390,915
53
Condominium
29
$ 157,500
$ 174,386
22

*Courtesy WCAR*
Vanessa Stalets
Brentwood TN Real Estate
RE/MAX Elite615-957-6333/615-661-4400