Henley Franklin TN Home Sales for July 2011 provided by Tammie White:
- Properties currently active on the market: 6
- Single-family properties closed in July 2011: 2
- Average sales price: $430,500
- Average list price: $519,950
- Sales price to list price ratio: 82.8%
- Average days on the market: 66
- Sales currently pending: 1
- Henley absorption rate: 3 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market).
Although, Henley appears to be in a seller's market with homes selling at just 82.8% of market, they are clearly in a buyer's market. The recent sales have all been short sales or foreclosures. With several foreclosures still remaining in Henley, now may be the time to buy a home that was previously priced in the $600 - 700,000 range for under $500,000.
If you are interested in a Franklin TN home for sale or wish to sell your Franklin TN home, contact Tammie White, your Franklin TN REALTOR®, at (615) 495-0752.
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