Franklin Green Franklin TN Home Sales for March 2013 provided by Tammie White:
- Properties currently active on the market: 6
- Single-family properties closed in March 2013: 2
- Average sales price: $285,000
- Average list price: $282,200
- Sales price to list price ratio: 101%
- Average days on the market: 35
- Sales currently pending: 2
- Franklin Green absorption rate: 3 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).
Franklin Green is in a sellers' market. The sales price to list price ratio is excellent and the average days on the market is also low making this an ideal time to list your Franklin Green home. Of the 6 homes currently on the market, 5 are already under contract that haven't been moved into pending yet. That leaves just one home actively listed and sell than a month of inventory.
Interest rates are the lowest they have been in 50 years, first-time Franklin TN home buyers are looking for homes with quick occupancy at a price point under $300,000. Franklin Green homes are always in high demand. It is a great starter home for many so if you have a Franklin Green home to sell, now may be the time.
Buyers should be prepared to have competition when bidding on a Franklin Green home. If a home is priced right and in good condition, it will most definitely have multiple offers. Buyers should have the assistance of an experienced buyer's agent to help them with the process.
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 above photo is of an actual home located in Franklin Green Franklin TN.
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