McKay's Mill Franklin TN Home Sales for August 2011

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

McKay's Mill Franklin TN Home Sales for August 2011 provided by Tammie White:

  • Properties currently active on the market: 29McKay's Mill Franklin TN Homes for Sale
  • Single-family properties closed in August 2011: 4
  • Average sales price: $331,200
  • Average list price: $357,200
  • Sales price to list price ratio: 92.7%
  • Average days on the market: 62
  • Sales currently pending: 14
  • McKay's Mill absorption rate: 7.3 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).

McKay's Mill continues to be in a buyer's market for the second month in a row. However, with 14 pending sales and 6 of the 29 active listings already under contract but not yet moved to pending, it is on the verge of becoming a seller's market.

In my opinion, buyers should take advantage of the high inventory and the lower sales price to list price ratio while they last.

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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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
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Tammie - your market report is always easy to understand, informative and contains your expert analysis as Franklin TN Short Sale Agents... This post will certainly be very useful to buyers and sellers in Franklin TN. Thanks for sharing this!

Sep 28, 2011 07:57 AM #1
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Bob Hertzog
Summit Home Consultants - Phoenix, AZ
Designated Broker

Great market report for Mckay S Mill Franklin TN Tammie. Buyers who want to take advantage of the high inventory should make sure they consult your expertise and experience as Franklin TN Short Sale Agents if they want to find the best homes in the area. Thanks for sharing.

Oct 27, 2011 11:24 AM #2
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