Henley Franklin TN Home Sales for July 2011

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

Henley Franklin TN Home Sales for July 2011 provided by Tammie White:

  • Properties currently active on the market: 6Henley Franklin TN Homes for Sale
  • Single-family properties closed in July 2011: 2
  • Average sales price: $430,500
  • Average list price: $519,950
  • Sales price to list price ratio: 82.8%
  • Average days on the market: 66
  • Sales currently pending: 1
  • Henley 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 seller's market, above 7 months is considered a buyer's market).

Although, Henley appears to be in a seller's market with homes selling at just 82.8% of market, they are clearly in a buyer's market. The recent sales have all been short sales or foreclosures. With several foreclosures still remaining in Henley, now may be the time to buy a home that was previously priced in the $600 - 700,000 range for under $500,000.

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.

Posted by
Tammie White, Managing Broker/Owner
CLHMS, CRS, GRI, SFR
Franklin Homes Realty LLC
Franklin, TN
(615) 495-0752 
GET REAL. GET LOCAL.
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes Realty LLC. Any party who uses this material without the written permission of Tammie White is subject to copyright infringement and possible lawsuit.

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