Polk Place Homes for Sale in Franklin TN | Market Report for June 2013
Polk Place homes for sale in Franklin TN are located just south of historic, downtown Franklin. There are approximately 340 homes in the Polk Place neighborhood. They generally range between 2,800 to 4,000 square feet with primarily 3 and 4 bedroom homes.
You will find homes with a main-level master and homes with a second-story master. The homes were built between 1994 to 2005. The lots range from a quarter to a third of an acre. There is a community pool and pavilion.
Polk Place Franklin Market Report for June 2013
- Properties currently active on the market: 5
- Single-family properties closed in June 2013: 4
- Average sales price: $369,750
- Average list price: $373,650
- Sales price to list price ratio: 99%
- Average days on the market: 50
- Sales currently pending: 2
- Polk Place absorption rate: 1.3 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).
Polk Place is currently in an extreme sellers' market. The sales price to list price ratio is excellent and the average days on the market is low; making it an ideal time to list your Polk Place home.
Franklin TN inventory is extremely low. Buyers are out to take advantage of the low interest rates. There aren't enough homes on the market to accommodate the demand. If you would like to get a free Competitive Market Analysis contact me at the number below.
If you are interested in a buying a Polk Place home or selling your Polk Place home, contact Tammie White at (615) 495-0752.
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