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Brentwood TN Real Estate Statistics - Market Report Fourth Quarter 2008 and Three Year Comparison

brentwood Tn real estateBrentwood TN (Williamson County) Single Family Home Sales Statistics based on MLS data for October through December.

BRENTWOOD 2007 2008
Average Square Footage 4,138 4,132
Average List Price $689,913 $676,327
Average Sale Price $675,132 $653,530
Average Days on Market 70 86
Total Closings 139 86
Sale Price per Square Foot $163.15 $158.18
Sale Price to List Price Ratio 97.9% 96.6%
Total Expired Listings 147 178
Total Withdrawn Listings 172 171

Even though the market is down in the Greater Nashville area, our property values have only dropped slightly since the market shift in mid-2007.  If buyers expect to come in and secure a contract on a home by offering 20% below the asking price, it's not likely to happen!  The ratio of sale price to list price in Brentwood was 96.6% during the last quarter of 2008.  This is based on the 86 homes that actually SOLD and CLOSED.  It does not include the 349 listings that expired or were withdrawn during the same time period.  Home sales were down 38% the last quarter of 2008 compared with 2007.

Below is a look at how our Brentwood real estate market has changed over the past few years.  We shifted from a sellers market to a buyers market rather abruptly in approximately July/August 2007.  Activity dropped sharply over the matter of just 3 weeks.  Chances are that the next market shift will also happen very quickly.  

brentwood Tn real estate

Brentwood TN Average Sale Price per month 2006, 2007 & 2008 for single family homes

brentwood Tn real estate

Brentwood TN Average Sale Price per Square Foot monthly for 2006, 2007 & 2008 based on single family home sales

brentwood Tn real estate

Brentwood TN Average Days on Market for 2006, 2007 & 2008 based on single family home sales

Spring Hill TN real estateCall Tiffany White with Keller Williams Realty at 615-260-5858 or visit www.TiffanyWhite.com for more information about buying or selling a home in Brentwood, Tennessee.

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Comment balloon 1 commentTiffany White • January 21 2009 10:20PM

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Great Post Tiffany.  This gives buyers and sellers a good idea of how the Brentwood market is performing.

Posted by Franklin & Brentwood, TN Homes Mike Nastri - Rodney Kennedy, It matters to us as much as it matters to you. (Keller Williams Realty) almost 10 years ago

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