Friday, January 11, 2008

December wrap up for Franklin, TN

As many of you have heard or seen through the media, the "housing market" was "terrible". Well that's not really the case in our great state of Tennessee. When the media reports this information, they are loking at it on a national level, not local which in turn may hurt the rest of it. Sure last year there were more home sales, but did you realize that this was the 4th best year for our local market? According to GNAR's Mandy Wachtler:

"Ending the year as the fourth-best year on record is very encouraging considering the state of real estate in other parts of the country," said Mandy Wachtler, 2008 President of the Greater Nashville Association of Realtors. "While our numbers are down compared to most recent years, it would be nearly impossible to keep up with that pace. We set a record for the number of homes sold for six consecutive years. The market was bound to normalize at some point, and it did last year."

This is great news and needs to be looked at in a positive way! Here are some numbers from December from 2006 % 2007: