Franklin Tn Homes October 2013 market report - The average price of Franklin TN homes sold during September increased 10.4% compared to September of 2012 . The number of homes sold increased 10.8 percent, and the absorption rate is still down to 4 months. I expect prices to continue moving higher due to the market forces of low inventory and high buyer demand.
- 172 Franklin Tn homes sold in September compared to 154 last year
- the average price of homes sold in Franklin Tn increased 10.4%% to $450,456
- average days on market for homes sold was 70 days
- 256 Franklin TN homes are currently pending sale
- 748 Franklin Tn homes are listed in the Nashville MLS as available for purchase
- the absorption rate of Franklin Tn homes based on August sales and current inventory is 4.3 months
- The average list price to sales price ratio for the month of July was 98%
- the median price per square feet of sold homes in Franklin was $148
These statistics should tell everyone that Franklin real estate is in a sellers market, and prices are rising quickly. For Franklin home owners who are considering a move, now would be an excellent time to consider your options. Find the value of your Franklin Tn Home here
Search for Franklin Tn homes for sale here
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