McKay's Mill Franklin TN Home Sales for April 2012 provided by Tammie White:
- Properties currently active on the market: 48
- Single-family properties closed in April 2012: 7
- Average sales price: $356,000
- Average list price: $363,328
- Sales price to list price ratio: 98%
- Average days on the market: 63
- Sales currently pending: 6
- McKay's Mill absorption rate: 6.9 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 is in a buyers' market. However, the average sales price to list price ratio is increasing and the number of days on the market are decreasing, this may be a good time to sell your McKay's Mill home.
Of the 48 homes currently listed, 10 are under contract that have not been moved into pending yet. Due to the size of this community, nearly 1,500 homes, the inventory is very low. Making this a good time to list your McKay's Mill 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.
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