Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Franklin TN Homes - August 2016 Update
Franklin Tn homes for sale - 236 Franklin homes closed during the month of July compared to 245 for the same month in 2015. It seems that the market is stalled in this pattern due to a lack of inventory causing potential sellers to resisting listing their homes for fear that their home will sell and they won't be able to find a good replacement. The prices of Franklin homes have increased only 5% in a price per square foot basis. The prices have remained the same but the average size of homes sold decreased to 3103 square feet from 3271 square feet last year. The most important thing you need to know is that we are still in a very competitive sellers market with less than 2 months of available inventory at the current sales pace.
the median list price to sales price ratio for Franklin TN homes in July was 99.5% 168 homes are under contract and scheduled to close at this time 522 Franklin TN homes are currently listed in the Nashville MLS as available for purchase the absorption rate based on July sales is 2 months the average sales price of homes sold was $528,228 the average ... more
Are you on The Rain? Grow Your Network!