Wednesday, August 12, 2015

Franklin TN Real Estate for Sale - August 2015

Franklin TN Real Estate for Sale - August 2015Franklin Tn real estate for sale and August 2015 market update - 240 Franklin Tn homes closed during the month of July compared to 261 for the same month in 2014, a reduction of 9% year over year, mostly caused by a shortage of available homes. The median price Franklin TN real estate sold during the month was $443,786 compared to $406,915 for June of 2014, an increase of 9%. The absorption rate based on July sales and the current inventory is 3 months, and the median days on market is only 47 days. Franklin TN real estate in a sellers market with many of the better homes getting multiple offers the first day on market, and a good buyers agent is critical to having a chance to compete for the better homes.
  • the median list price to sales price ratio for Franklin Homes in July was 100%
  • 331 Franklin homes are pending at this time
  • 731 Franklin homes are currently listed in the Nashville MLS as available for purchase, but most are already under contract
  • the absorption rate based on July sales is 3 months
The top Franklin Tn neighborhoods for the month of July based on sales were
Search for Franklin TN real estate for sale here


 

For the most-up-to-date information on Franklin TN real estate values, then we urge you to contact us. We can assist you with all aspects of buying or selling homes in Franklin and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Franklin real estate comes on the market or price reductions in Franklin TN real estate is posted.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area
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