Fieldstone Farms Franklin TN Home Sales for November 2012 provided by Tammie White:
- Properties currently active on the market: 24
- Single-family properties closed in November 2012: 7
- Average sales price: $300,500
- Average list price: $308,028
- Sales price to list price ratio: 97.6%
- Average days on the market: 61
- Sales currently pending: 5
- Fieldstone Farms absorption rate: 3.4 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a sellers' market, above 7 months is considered a buyers' market).
Fieldstone Farms is in a sellers' market. The sales price to list price is high and the average days on the market is low, making this an ideal time to sell a home. Of the 24 active listings, 4 are already under contract but not moved into pending yet.
Fieldstone Farms Franklin TN home sales for November 2012 continue to be stong. If this is any indication of the coming months, we won't have enough inventory to meet the demand. Fieldstone Farms is still one of the Franklin TN neighborhoods with homes ideally priced for first-time home buyers.
With interest rates the lowest they have been in 50 years, Franklin TN first-time home buyers are out in record numbers. Take advantage of the increased interest and the low inventory and get your home on the market.
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.
NOTE: The photo above is of an actual home located in the Fieldstone Farms neighborhood of Franklin TN.
This is an entry in the Out with the Old, In with the New contest. See original post here.
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