Polk Place Franklin TN Home Sales for November 2011 provided by Tammie White Franklin TN REALTOR®:
- Properties currently active on the market: 5
- Single-family properties closed in November 2011: 2
- Average sales price: $406,250
- Average list price: $426,500
- Sales price to list price ratio: 95.3%
- Average days on the market: 17
- Sales currently pending: 0
- Polk Place absorption rate: 2.5 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).
Polk Place is currently in an extreme seller's market. With sale price to list price ratio so high and days on market so low, it appears that sellers are pricing their homes right to get them sold. This may be a great time to sell your Polk Place home.
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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