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.