McKay's Mill Franklin TN Home Sales for May 2012 provided by Tammie White:
- Properties currently active on the market: 36
- Single-family properties closed in May 2012: 7
- Average sales price: $383,053
- Average list price: $392,881
- Sales price to list price ratio: 97.5%
- Average days on the market: 56
li>Sales currently pending: 15
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McKay's Mill absorption rate: 5.1 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).
McKay's Mill is in a normal or steady market. However, the average sales price to list price ratio is increasing and the number of days on the market are decreasing, this may be a good time to sell your McKay's Mill home.
Of the 36 homes currently listed, 7 are under contract that have not been moved into pending yet. Due to the size of this community, nearly 1,500 homes, the inventory is very low. Making this a good time to list your McKay's Mill home.
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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Tammie White, Realtor® in Franklin TN
Cell Phone: (615)495-0752
This posting and the contents written here are the intellectual property and opinions of Tammie White of Benchmark Realty LLC.
9 Comments on McKay's Mill Franklin TN Home Sales for May 2012
Hi Tammie -- you're right inventory is very low -- no wonder with low interest rates on mortgages -- this could be an ideal time for a McKay's Mill homeowner to consider selling when they might be able to maximize their sale proceeds.
Michael - I agree whole-heartedly.
Tammie, You certainly pass on good information for the consumers in your area.
Debbie - I try to make the information as clear as possible for buyers and sellers.
Tammie,Thanks for another great share of Market Report on your area.McKay's Mill Franklin TN is definitely a great place to live in.Continue being an expert Franklin TN Short Sale Agent.Best wishes!
Petra - McKay's Mill is just one neighborhood that I prepare such a report for. You will find many other Franklin TN neighborhoods here with similar reports.
Hi Tammie,I'm learning so much about your area because of the Market Reports I'm reading.McKay's Mill is a great place to live in. Thanks for this excellent post.Stay the best Franklin TN Short Sale Agent.
Katerina - So many good things are happening in the Franklin TN home market right now. Buyers have gotten off the fence and are taking advantage of the limited inventory.
Hi Tammie,
Thanks for sharing yet another great report. Keep up the good work and I wish you more success as a Franklin TN short sale agent!