Franklin Tn homes continue to increase in price and regardless of what buyers want to happen, the prices are not going to decline. The reasons are simple, inventory levels are low, builders are very conservative in the production of spec homes, and a lot of homes have been refinanced at below 5 percent interest, so the owners of Franklin Tn homes probably have very low monthly payments. Franklin Tn home owners aren't moving somewhere else, and a lot of people want to move in. The supply and demand is starting to lean more toward the sellers.

Via Larry Brewer (Benchmark Realty LLc):

Franklin HomeFranklin Tn Homes sales for August 2011 were a continuation of the trend we've seen for the last few months. Franklin Tn homesprices were higher than they were last August, and the number of closings were up also.

  • 129 Franklin Tn homes closed in August 2011 compared to 128 closing last years
  • the average sales price for Franklin Tn homes $393,686 compared to $381,243 last August a 3 percent increase
  • 137 Franklin Tn homes are currently pending sale insuring that September should be strong.
  • the average size of Franklin Tn homes sold was 3199 square ft compared to 3051 square ft last August
  • 947 Franklin Tn homes are currently listed in the Nashville MLS as available for purchase
  • The absorption rate for Franklin Tn homes  based on August sales and current inventory is 7 months

Franklin Tn homes have been increasing in prince for several months now, and the trend for buyers to purchase smaller homes seems to be reversing. Statistics are telling us that the averages on prices and sizes are now both going up. Buyers are moving to Franklin Tennessee for many reasons,  including Williamson county schools, low property taxes, fantastic shopping and dining, and an easy 20 minute commute to downtown Nashville. Search for Franklin Tn homes here

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Posted by The Brewer Group Franklin TN Homes on 09/08/2011 07:52 AM   Comments (0)  
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The Brewer Group Franklin TN Homes

Franklin, TN

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Benchmark Realty

Address: 7127 Crossroads Blvd, brentwood, tn, 37027

Office Phone: (615) 371-1544

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