Thursday, October 7, 2010

Home sales fall 19 percent; but Wiliamson County shows strength

Nashville area home sales remained down in September following the June expiration of the tax credits to purchase a home. There were 1,567 sales of homes, condos, duplexes and residential lots in September, 19 percent less than a year ago, the Greater Nashville Association of Realtors said today.
The median sale price of a single-family home was $171,820 in September, up 7 percent from a year ago but still off 6 percent from three years ago.

Condo sales in the region fell 9 percent in September compared to a year ago and the median price of a condo, at $155,000, is up 9 percent from a year ago.

The association also released year-to-date sales for the different counties, figures that showed strength in Williamson County, where sales were up 20 percent, while Davidson County sales remained flat over last year.

Williamson County, one of the nation’s wealthiest, has continued to attract new jobs such as Jackson National Life Insurance Co., which is bringing 750 jobs to a new headquarters in Cool Springs.

The median price this year of a single-family home in Williamson County was $338,000. It was $154,000 in Davidson County.

In the region, there were 1,588 sales pending at the end of September, compared with 2,120 during this time last year, the association said. The average number of days on the market for a single-family home was 92 days, compared with 86 days for September 2009.

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