Spencer Hall Franklin TN Home Sales for July 2012 provided by Tammie White:
- Properties currently active on the market: 1
- Single-family properties closed in July 2012: 2
- Average sales price: $272,500
- Average list price: $272,400
- Sales price to list price ratio: 100%
- Average days on the market: 42
- Sales currently pending: 1
- Spencer Hall absorption rate: .5 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).
Spencer Hall is in an extreme sellers' market. The sales price to list price ratio is high and the average days on the market is low, suggesting this is an ideal time to sell your Spencer Hall home. The one active listing is already under contract. This means that there are no available homes for sale.
Buyers are still looking to take advantage of the low mortgage interest rates. Many Franklin TN neighborhoods can't fill the demand. If you are thinking of listing your Spencer Hall home, please contact me asap to take advantage of the zero inventory in Spencer Hall.
NOTE: The home pictured above is of an actual home in Spencer Hall Franklin TN.