Laurelbrooke Franklin TN Home Sales for December 2011 provided by Tammie White Franklin TN REALTOR®:
- Properties currently active on the market: 14
- Single-family properties closed in December 2011: 2
- Average sales price: $1,666,044
- Average list price: $1,787,499
- Sales price to list price ratio: 93.2%
- Average days on the market: 17
- Sales currently pending: 0
- Laurelbrooke absorption rate: 7 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).
Laurelbrooke is in a normal market. This is a surprise given the fact that sales have been sluggish at this price point the last several months.
What is even more surprising is that Laurelbrooke had a total of 21 homes sold during 2011. That may not seem like a record number of homes but with a average listing price of $1,475,723 and average days on the market of 118, that is not a terrible number of sales. However, 21 Laurelbrooke home sales are only 1.4% of the total Franklin TN homes sold during 2011.