April's median home price in city $475,000
By SUSAN LEATHERS
Brentwood Home Page
Brentwood home sales dipped 19 percent last month over April 2010 but the good news is the average price increased by a significant 7 percent. Median price also increased, to $475,000 from $452,500.

“As the job market strengthens we will see homeownership steadily increase,” said Amy B. Wyatt, a Brentwood Realtor who provides BHP with its monthly home sales statistics.

“I am still seeing a rise in qualified buyers and relocation traffic. This is positive news.

“The best insurance to selling your home is to keep it current and in excellent condition. Buyers are looking for reasons not to buy your home, so don’t give them any.”

Three condos closed in April, with an average price of $180,266. Two closed in April 2010 with an average price of $258,200.

Across the county, home closings also decreased. The Williamson County Association of Realtors reported this week that 236 residential and condominium closings were reported last month according to figures provided by RealTracs Solutions, the multiple listing service used by Realtors in Middle Tennessee.

The number of single-family residential closings decreased by 19.6% percent compared to April 2010.  The median sale price for a single-family home increased from $296,950 to $317,250. The average days on the market for residential homes decreased by one day for residential and increased by 59 days for condominiums compared to the same period last year.

Residential inventory of homes listed as active has decreased from 2,413 in April 2010 to 2,223 in April 2011.

“Starting out the second quarter of 2011we see a decrease in home sales from 2010 and an increase from the same period of 2009. Market conditions are difficult to predict in this fluid environment, but we are encouraged that the number of pending home sales for April continues a strong showing which means activity levels are up and business is happening.” said Danny Anderson, 2011 WCAR president.