Franklin Green Franklin TN Home Sales for September 2011 provided by Tammie White:
- Properties currently active on the market: 12
- Single-family properties closed in September 2011: 6
- Average sales price: $235,566
- Average list price: $239,525
- Sales price to list price ratio: 98.3%
- Average days on the market: 90
- Sales currently pending: 1
- Franklin Green absorption rate: 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).
With just 2 months of inventory, Franklin Green is in an extreme seller's market. Of the 12 active homes on the market, 3 of them are already under contract but have not yet been moved to pending. If you own a Franklin Green home and are thinking of making a move, now may be the time. It appears homes in this neighborhood are really in demand.