Polk Place Franklin TN Home Sales for August 2011 provided by Tammie White:
- Properties currently active on the market: 6
- Single-family properties closed in August 2011: 5
- Average sales price: $343,980
- Average list price: $351,520
- Sales price to list price ratio: 97.9%
- Average days on the market: 83
- Sales currently pending: 1
- Polk Place absorption rate: 1.2 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 seller's market. The sales the last two months have been very strong. With sale price to list price ratio being so high, it appears that sellers are pricing their homes right to get them sold. This may be a great time to sell your Polk Place home.