Ladd Park Franklin TN Home Sales for September 2011

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

Ladd Park Franklin TN Home Sales for September 2011 provided by Tammie White:

  • Properties currently active on the market: 29Ladd Park Franklin TN Homes for Sale
  • Single-family properties closed in September 2011: 9
  • Average sales price: $354,973
  • Average list price: $357,583
  • Sales price to list price ratio: 99.3%
  • Average days on the market: 29
  • Sales currently pending: 11
  • Ladd Park absorption rate: 3.2 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).

Ladd Park is in a seller's market. With homes selling on average for 99.3% in less than 30 days, it may be a good time to put your Ladd Park home on the market.

Be sure when buying a new construction home in Ladd Park to use a Buyer's Agent to help you maneuver the process. Remember, the on-site agent represents the seller and will try to get you to pay more than you should for your new Ladd Park home.

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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Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Tammie -- I like that you note the absorption rate for your market reports and then give an explanation of it to your buyer/seller readers.  At 3.2, Ladd Park is certainly a seller's market and a buyer definitely needs the assistance of a buyers' agent to ensure they are fully and completely represented.    

Oct 31, 2011 05:17 PM #1
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Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Michael - Many consumers don't have a good understanding of absorption rate or buyer's representation. These are terms they should know whenever buying or selling homes.

Nov 01, 2011 04:05 PM #2
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hi Tammie. Once again, you have presented an excellent market update for your area that will give your readers a good idea of how Ladd Park Franklin TN real estate is doing. Thank you for sharing your expertise in Franklin and experience as Franklin TN Short Sale Agents!

Nov 03, 2011 04:05 PM #3
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