Franklin Homes November 2013 Market Report

Franklin Homes November 2013 market report Franklin Homes November 2013 market report - sales increased 8 percent in October of 2013 compared to the previous October with 180 homes sold compared to 167. The median price of Franklin Tn Homes sold in October was $419,453 and the absorption rate is 4 months.

• 180 Franklin homes sold in October compared to 167 last year, an increase of 8%
• the median price of homes sold in Franklin Tn increased $419,953
• median days on market for homes sold was 49 days
• 263 Franklin homes are currently pending sale
• 711 Franklin homes are listed in the Nashville MLS as available for purchase
• the absorption rate of Franklin Tn homes based on October sales is 4 months
• The median list price to sales price ratio for the month was 99%
• the median price per square feet of sold homes in Franklin was $141

 

The most popular Franklin neighborhoods based on sales for October were

• Westhaven with 27 sales
• Fieldstone farms with 6 closings
• Mckays Mill with 13 closings
• Ladd Park with 8 closings
• Sullivan Farms with 5 closings
• Franklin Green with 6 closings
• Watkins Creek with 5 closings
• Creekstone with 7 closings
• Cross Creek with 5 closings
• Buckingham park with 5 closings
• Franklin Green with 5 closings
• Temple Hills with 6 closings

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.

Search for Franklin Tn homes for sale here