The Williamson County Association of Realtors released the February sales data complied from RealTracs, the Multiple Listing Service used in Middle Tennessee.
Closings Median Price Average Price DOM
Residential 151 $340,000 $391,836 94
Condos 11 $189,500 $201,045 150
After reviewing this data, Karen Baker, 2010 President of the Williamson County Association of Realtors, made the following comments: "The local real estate market continues to show signs of steady, incremental improvement. This is the fifth consecutive month to post an increase in the number of transactions over the previous year. Our inventory continues to fall and the current number of pending sales exceeds the total number of closings for March 2009. With interest rates remaining low, we anticipate first quarter sales to [position us for better year in 2010."