Franklin TN Home Sales for August 2011 provided by Tammie White:
- Properties currently active on the market: 887
- Single-family properties closed in August 2011: 129
- Average sales price: $392,172
- Average list price: $410,792
- Sales price to list price ratio: 95.5%
- Average days on the market: 86
- Sales currently pending: 135
- Franklin TN absorption rate: 6.9 months of inventory (5-6 months of inventory is considered a normal market--four months or less is considered a sellers' market, more than 7 months is considered a buyers' market).
Franklin TN home sales have been very strong for the last several months. We are very close to being in a normal market.