Buckingham Park Franklin TN Home Sales for April 2012 provided by Tammie White:
- Properties currently active on the market: 7
- Single-family properties closed in April 2012: 2
- Average sales price: $262,500
- Average list price: $263,750
- Sales price to list price ratio: 99.5%
- Average days on the market: 113
- Sales currently pending: 0
- Buckingham Park 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 sellers' market, above 7 months is considered a buyers' market).
With just 2.5 months of inventory, Buckingham Park is in an extreme sellers' market. Of the 5 active homes on the market, 3 of them are already under contract but have not yet been moved to pending.
The low inventory and high sales price to list price ratio make it a great time to sell your Buckingham Park home.
Interest rates are the lowest they have been in 50 years, first-time Franklin TN home buyers are looking for homes with quick occupancy. Don't wait until homes flood the market this summer. List your Buckingham Park home today.
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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