Franklin TN Home Sales for December 2011

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

 Franklin TN Home Sales for December 2011 provided by Tammie White Franklin TN REALTOR®:

  • 1420 Holly Hill Drive Franklin TN 37064Properties currently active on the market: 686
  • Single-family properties closed in December 2011: 119
  • Average sales price: $440,833
  • Average list price: $455,265
  • Sales price to list price ratio: 96.8%
  • Average days on the market: 110
  • Sales currently pending: 106
  • Franklin TN absorption rate: 5.8 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 just hovering above a normal market. December closed sales have finally moved us into that normal market. Some Franklin neighborhoods are actually in a sellers' market. This is good news for Franklin TN homeowners.

Just look what the following Franklin TN neighborhoods are doing:

Fieldstone Farms     Sellers' Market     Absorption Rate: 3.3 months

Franklin Green        Normal Market      Absorption Rate: 6 months

Ladd Park        Sellers' Market       Absorption Rate: 2.8 months

Laurelbrooke     Buyers' Market    Absorption Rate: 6.5 months

McKay's Mill     Extreme Sellers' Market     Absorption Rate: 1.4 months

Sullivan Farms   Normal Market         Absorption Rate: 6 months

Temple Hills       Sellers' Market    Absorption Rate: 4.5 months

Villages of Clovercroft   Extreme Sellers' Market     Absorption Rate: .7 months

Westhaven     Buyers' Market     Absorption Rate: 7.2 months

Willowsprings     Extreme Sellers' Market     Absorption Rate: 2 months

With interest rates the lowest they have been in 50 years, now may be the time to put your Franklin TN home on the market. Inventory is low and buyers are looking to take advantage of these interest rates. Why wait until the Spring push. You could have your home sold by then.

If you would like to know how your Franklin TN neighborhood is doing, contact me today.

If you are looking to buy a home in Franklin TN, remember to have the assistance of a Buyer's Agent. This agent will represent your interests during the transaction to negotiate on your behalf. A good Buyer's Agent should always provide you with the most recent Competitive Market Analysis and Absorption Rate to help you determine the fair market value of the home you are buying. I would be happy to help you in this area, just contact me today!!

Before you decide to buy or sell a Franklin TN home, make sure you pick up the phone and call me 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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Rainer
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Laurie Clark CRB Angel Realty LLC Your Monument Realtor 719-502-6572
CRB-CCSS-ASD-HBS-RSD-Denver Short Sale Agents - Monument, CO
Angel Realty, LLC

Excellent market update. Your dedication and commitment to your clients and ability to keep them well informed are just a few of the reasons you are the Franklin TN short sale agent to call. Thanks for sharing and have a wonderful new year.

Jan 03, 2012 03:31 PM #1
Rainmaker
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Lynn Pineda
eXp Realty - Boca Raton, FL
Real Estate Promises delivered in SE Florida

Hi Tammie, I love how you present your market stats. You've given me some great ideas and I also like how you break it down by neighborhood.

On a second note, my bestest friend from growing up lives in Franklin and she describes how lovely it is and I hope to get there soon one day. Do you know Lisa Weber, by chance?

Thanks again for sharing.

Jan 21, 2012 05:45 AM #3
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hello Tammie,Market Report looks great.Just wanted to wish you luck and stay the best Franklin TN Short Sale Agent.Have a great day!
 

Jul 05, 2012 06:28 AM #4
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Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Katerina - Thanks for stopping by.

Jul 05, 2012 01:04 PM #5
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Franklin TN Homes for Sale
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