Cottonwood Franklin TN Home Sales for November 2012 provided by Tammie White:
- Properties currently active on the market: 3
- Single-family properties closed in November 2012: 2
- Average sales price: $372,500
- Average list price: $384,750
- Sales price to list price ratio: 96.8%
- Average days on the market: 72
- Sales currently pending: 0
- Cottonwood absorption rate: 1.5 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).
Cottonwood is currently in an extreme sellers' market. Of the 3 homes currently listed, 1 is already under contract that have not been moved into pending yet.
First-time home buyers are looking for homes priced under $350K. Cottonwood is one of the Franklin TN neighborhoods they are looking to buy. The low inventory, high sales price to list price ratio and low average days on the market, make it a great time to sell your Cottonwood home. Don't wait to take advantage of this buying frenzy. Although, Cottonwood is an older neighborhood it is highly-desirable. Cottonwood Franklin TN home sales for November 2012 confirm you may not have a better time to sell.
If you would like to buy a Franklin TN home or sell your Franklin TN home, contact Tammie White at (615) 495-0752 today.
NOTE: The above photo is of an actual home located in the Cottonwood neighborhood of Franklin TN.
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