Westhaven Franklin TN Home Sales for July 2011 provided by Tammie White:
- Properties currently active on the market: 93
- Single-family properties closed in July 2011: 13
- Average sales price: $554,333
- Average list price: $554,052
- Sales price to list price ratio: 100%
- Average days on the market: 115
- Sales currently pending: 7
- Westhaven absorption rate: 7.1 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a sellers' market, above 7 months is considered a buyers' market).
Although, Westhaven is currently in a buyers' market, eight of the thirteen homes closed in July were new construction, These new construction homes sold for close to or over list price. This affected the sales price to list price ratio.