I thought you might be interested to know that for the third quarter of 2008 compared to the third quarter of 2007, Williamson County TN only experienced a 2.46% drop in median price for single-family homes. Williamson County continues to perform better than many metro areas and the National average.  I have summarized information from Standard & Poor’s/Case-Shiller, story from Inman News, for your review…

S&P/Case-Shiller reports 16.6% drop in Q3

By Inman News, Tuesday, November 25, 2008.

The Standard & Poor’s/Case-Shiller National Home Price Index dropped a record 16.6 percent in the third quarter compared to the same quarter last year.

And a separate monthly price index for 20 U.S. metro areas also fell a record 17.4 percent year-over-year in September.

The monthly index is based on repeat sales of resale single-family homes over time, and the quarterly national index is a composite of single-family home-price indices for the nation’s nine Census divisions.

In a separate announcement this week, the National Association of Realtors reported that the median price of U.S. resale homes dropped 11.3 percent year-over-year in October — the largest ever drop since the National Association of Realtors began tracking the statistic in 1968 (see Inman News).

Phoenix suffered the largest year-over-year price drop in the S&P/Case-Shiller monthly index, falling 31.9 percent; followed by Las Vegas, down 31.3 percent; and San Francisco, down 29.5 percent.

Dallas had the slightest year-over-year price drop in September, at 2.7 percent (our own Williamson County Tennessee did better at only 2.46%); Charlotte was down 3.5 percent; and Denver was down 5.4 percent.

San Francisco had the largest August-to-September price drop, at 3.9 percent, while Cleveland had the slightest month-to-month drop, at 0.6 percent.

Click here to see the S&P/Case-Shiller 20-metro-area price index

Read this Inman News article in full

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This information was brought to you by JoAnne Staler, Williamson County Tennessee REALTOR with Rochford Realty & Construction Company is providing a unique level of service to buyers and sellers in Nashville, Brentwood, Franklin, Williamson County, Green Hills, Belle Meade, Bellevue, Forest Hills, Oak Hill, Vanderbilt, Belmont, Midtown, Downtown, Historic Areas, Spring Hill, and Thompson Station Tennessee.  Whether Buying or Selling Real Estate locally or Relocating to Middle Tennessee, let a Top Selling Nashville Real Estate Agent help.  To find out more about JoAnne Staler or search for real estate via the Middle Tennessee MLS visit www.JoAnneStaler.com.

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