The number of home closings have dropped by 35% in the last 12 months but prices still remain firm. The good new for buyers is that homes are listed for a longer time before they are sold giving them time to evaluate options before making an offer.
- 103 Franklin homes sold during the month of November 2022 compared to 157 for the same period last year a 35% reduction
- 368 Franklin homes are currently listing in the Nashville MLS as available for purchase
- 79 homes are currently under contract
- the median sales price for homes sold during the month of November was $930,786 compared to $863,050 last year an increase of 7.8%
- the median price per square foot for homes sold was $310 compared to $273 for November of 2021 an increase of 13.5%
- the average list price to sales price ratio for homes sold in November was 98%
