Cottonwood Franklin TN Home Sales for March 2012 provided by Tammie White:
- Properties currently active on the market: 7
- Single-family properties closed in March 2012: 2
- Average sales price: $323,250
- Average list price: $337,400
- Sales price to list price ratio: 95.8%
- Average days on the market: 30
- Sales currently pending: 2
- Cottonwood absorption rate: 3.5 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).
Cottonwood is currently in a seller's market. Of the seven homes currently listed, three are already under contract that have not been moved into pending yet. Although, this is an older neighborhood it is highly desirable.