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
- 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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