The Williamson County Association of Realtors compiles data from MLS to keep us up to date as to how well our sales are doing compared to recent years (for Williamson County). I thought it might be interesting for you to see some of the numbers and trends that we are seeing right now (although I can't seem to get the graph in this blog). So I thought I would just tell you in summary form what it looks like. In 2007, we had our highest sales record ever set in June for Williamson County. And since then, the sales rapidly declined to around our 2005 sales numbers. Then progessing through 2008, the sales numbers have been following around our 2004 numbers, and may even approach our '03 sales figures. That follows my own instincts and what we have seen in our Team's sales of listings as well...I can follow that back to around mid '07 when things started slowing down (as the mortgage crisis started and the MEDIA started blowing out of proportion how bad the real estate market was doing). The sellers that were very optimistic about getting their high price started having to get real in their prices if they wanted to sell. We are basically seeing prices level out. This is the same trend we saw after the tech bust in '01. Remember, that our local economy continues to be one of the best in the nation, and that will help to keep our real estate market steady.
There is an upside to this blog...the numbers in 2003 and 2004 were still good sales numbers with sales ranging from 350 sales/month to around 700 sales/month. So the sky is not falling at all here...BUT it is a great time to buy. Interest rates continue to be near record lows, and there is still plenty of financing in the market place to get a loan. So if you are on the fence about buying, jump off, give us a call, and let's get you in a house during a great time to buy!!