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WILLIAMSON COUNTY AT A GLANCE FEBRUARY 2013

Monthly Market Stats W I L L I A M S O N F E B R U A R Y

C O U N T Y

2 0 1 3

A S S O C I A T I O N O F R E A L T O R S ®

Franklin tops the charts in the number of single family closings this month, while

Statistics At A Glance

Brentwood has the highest average price. 

Number of closings up significantly compared to January 2012 and January 2011.

Condominium sales are up overall compared to January 2012 and 2011.

Inventory levels are down compared to the last two years.

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The number of single-family residential closings increased by 20% in January 2013 compared to January 2012.

February 2013 Closings

The median sales price for a single-family home was $308,310 in January of 2012 with a sharp increase to $359,524 in January of 2013. A 17% increase over last year.

Med. Price

Avg. Price

DOM

Res.

228

359,524

422,429

82

Condo.

18

182,500

195,967

83

February 2012

Days on the market decreased from January 2012 compared to January 2013.

Res.

189

308,310

367,229

100

Condo

15

185,000

188,907

114

February 2011

Condo sales are up compared to the same time last year. Media reports that home prices are on the rise and consumer confidence is growing as we move into spring season.

Res.

150

329,950

393,603

107

Condo

10

184,450

190,326

121

WCAR www.wcartn.org

Communities Quick View

tiffany@wcartn.org 615-771-6845

City Brentwood Fairview Franklin Nolensville Spring Hill Thompsons Station

Closings

46 7 95 22 35 15

Average Price

$ $ $ $ $ $

650,928 148,272 432,500 343,307 252,760 307,683

www.wcartn.org

Median Price

$ $ $ $ $ $

558,300 148,000 367,600 332,495 237,774 350,000

DOM

71 75 83 45 69 151

Inventory

326 90 701 111 202 105

Pending

57 8 143 40 54 28


Market Snapshot

By Steven C. Johnson NEW YORK | Tue Feb 26, 2013 2:21pm EST

Organization 2010

2011

Microsoft

Median Home Sale Price February 2010

1

Median Home Sale Price February 2011 Median Home Sale Price February 2012

2012 Primary Business Address

Median Home Sale Price February 2013

Address Line 2

"The numbers are all pretty strong. It's a significant rise in confidence and a strong rise in new homes sales -- there is not really much to argue in those numbers," said David Sloan, an economist at 4Cast Ltd in New York.

2013

Address Line 3 Address Line 4 280000

300000

320000

NEW YORK (Reuters) - Home prices closed out 2012 with the biggest annual gain in more than six years while sales of new homes spiked in January, the latest sign that the long-suffering housing market was on the mend, data showed on Tuesday. American consumers, meanwhile, grew more optimistic in February even as payroll taxes rose and about $85 billion worth of government spending cuts were due to take effect on March 1.

340000

360000

380000

The S&P/Case Shiller composite index of 20 metropolitan areas showed home prices jumped 6.8 percent year-overyear in December, the biggest gain since July, 2006, just before the bottom began to fall out of the U.S. housing market. Home prices have been rising since last February, helping housing contribute to growth last year for the first time since 2005. Historically low interest rates have also enticed buyers, and Federal Reserve Chairman Ben Bernanke's strong defense of central bank policy suggested those rates would not rise soon. "There's no doubt when you look at all the housing data that's come out, it certainly paints a picture of continued improvement in that market," said Anthony Chan, chief economist at Chase Private Client. "You have the best of all possible worlds. You have low mortgage rates, which are going to stay for a while, and you have price appreciation. You take those two things into account and you have a formula for further significant improvement."

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For more on this article please visit www.reuters.com

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Across the Nation and Next Door– What does the current market mean to you? Look at how other area markets are performing compared to Williamson County…….. -Williamson County– 228 Residential Closings- $359,524 Median Price; 18 Condo Closings- $182,500 Median Price -Davidson County– 482 Residential Closings- $141,158 Median Price; 120 Condo Closings- $140,250 Median Price -Rutherford County– 290 Residential Closings- $149,950 Median Price; 18 Condo Closings- $114,700Median Price -Wilson County-118 Residential Closings- $186,882 Median Price; 10 Condo Closings- $154,740 Median Price -Maury County- 84 Residential Closings- $160,500 Median Price; 5 Condo Closings- $105,000 Median Price -Robertson County– 54 Residential Closings- $139,750 Median Price; 0 Condo Closings


Williamson County Market Stats Feb - Current