Franklin Tn Homes Market Report September 2013

Franklin Tn Homes for sale and August 2013 market report - for the first time this year, sales of Franklin homes did not increase. 194 Franklin homes sold in August of 2013 compared to 195 in the same month of 2012. The average price of Franklin homes sold increased 20% to $480,629. With inventory levels on Franklin Tn homes continuing to decrease, I expect prices to move higher for the near future. Franklin is sell in a strong sellers market with an absorption rate of less than 4 months.

• 194 Franklin Tn homes sold in August compared to 195 last year
• the average price of homes sold in Franklin Tn increased 20% to $480,629
• average days on market for homes sold was 55 days
• 263 Franklin TN homes are currently pending sale
• 735 Franklin Tn homes are listed in the Nashville MLS as available for purchase
• the absorption rate of Franklin Tn homes based on August sales and current inventory is 3.7 months
• The average list price to sales price ratio for the month of July was 98%
• the median price per square feet of sold homes in Franklin was $154

  These statistics should tell everyone that Franklin real estate is in a sellers market, and prices are rising quickly. For Franklin home owners who are considering a move, now would be an excellent time to consider your options.
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