Franklin TN Home Sales for April 2012 provided by Tammie White Franklin TN REALTOR®:
Properties currently active on the market: 909- Average sales price: $398,698
- Average list price: $416,732
- Sales price to list price ratio: 95.7%
- Average days on the market: 81
- Sales currently pending: 190
- Franklin TN absorption rate: 6.7 months of inventory (5-6 months of inventory is considered a normal market--four months or less is considered a sellers' market, more than 7 months is considered a buyers' market).
Franklin TN is currently in a buyers' market just hovering above a normal market. However, the days on the market are low and the inventory is low. If this continues and the number of sales increase, Franklin TN could quickly be in a sellers' market.
If you are looking to buy a home in Franklin TN, remember to use a Buyer's Agent. This agent will represent your interests during the transaction.
A good Buyer's Agent should always provide you with the most recent Competitive Market Analysis and Absorption Rate to help you determine the fair market value of the home you are buying. I would be happy to help you in this area, just contact me today!!
Before you decide to buy or sell a Franklin TN home, make sure you pick up the phone and call Tammie White at (615) 495-0752.
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