Franklin, TN - Real Estate Sales 2011 to 2012
To get a better idea of where you are going it helps to remember where you have been. The charts below compare the first 3 quarters for 2011 to 2012 home sales in Franklin, TN. While this report is not a forecast for Franklin, TN home sales, it does show a promising lift in home sales and prices.
We are actually experiencing a limit in inventory of great homes. They are out there but the best homes and deals aren't lasting long. It is not the rare exception anymore to have buyers in a bidding over the same house at the same time. Especially when they are in good condition and priced to the market.
Have a look in the jump in number of homes in Franklin that were sold (+ 185), the average sales price (+ $12,561) and the reduced number of days on the market (- 10 days to sell the average home).
While prices are not back to where they were 4 years ago, the trend seems promising, at least here in Franklin, TN. With what the market has been through the future is looking good, looking very good in Franklin, TN.
Closed 970 Properties January 1, 2011 through August 31, 2011
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 500 | 1 | 0 | 0 | $30,000 | $28,000 | 0 |
| AVG | 3,094 | 3.69 | 2.67 | 0.78 | $416,951 | $397,394 | 92 |
| MEDIAN | 2,913 | 4 | 2 | 1 | $349,900 | $340,855 | 72 |
| MAX | 12,060 | 7 | 9 | 4 | $3,895,000 | $3,227,700 | 691 |
Closed 1,155 Properties January 1, 2012 through August 31 2012
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 800 | 0 | 0 | 0 | $43,245 | $35,166 | 0 |
| AVG | 3,054 | 3.68 | 2.66 | 0.78 | $426,553 | $409,955 | 82 |
| MEDIAN | 2,943 | 4 | 2 | 1 | $359,000 | $349,900 | 65 |
| MAX | 13,310 | 9 | 7 | 3 | $4,999,999 | $4,100,000 | 711 |
Information was compiled through reports from the local MLS (Realtracs)
Find a complete list of Homes for Sale in Franklin, TN
Look here soon for the Brentwood, TN report.
Nashville Home Sales Report comming soon.
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