Franklin TN Home Sales for July 2011 provided by Tammie White:
- Properties currently active on the market: 1,034
- Single-family properties closed in July 2011: 135
- Average sales price: $376,435
- Average list price: $392,432
- Sales price to list price ratio: 95.9%
- Average days on the market: 90
- Sales currently pending: 131
- Franklin TN absorption rate: 7.7 months of inventory (5-6 months of inventory is considered a normal market--four months or less is considered a sellers' market, more than 7 months is considered a buyers' market).
There was a 17% drop in the number of closed sales in July versus June and a slight increase in the days on the market. However, the overall picture is still looking very good for Franklin TN home sales. Based on July's closings, Franklin TN is in a buyers' market.
If you are interested in a Franklin TN home for sale or wish to sell your Franklin TN home, contact Tammie White at (615) 495-0752.
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