The Brownstones Franklin TN Home Sales for October 2012 provided by Tammie White Franklin TN REALTOR®:
- Properties currently active on the market: 5
- Single-family properties closed in October 2012: 2
- Average sales price: $999,598
- Average list price: $957,835
- Sales price to list price ratio: 104.4%
- Average days on the market: 0
- Sales currently pending: 0
- The Brownstones absorption rate: 2.5 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).
The Brownstones are in a sellers' market. Sales have been sluggish this year for homes priced in the million dollar range. However, the two closed sales in The Brownstones for October were both new construction which has really picked up in the Franklin TN area this year.
This is encouraging news for sellers of The Brownstones. There are still some existing homes that may be a better buy than the new construction which has been selling over their list price.
Here's what The Brownstones Franklin TN Home Sales for October 2012 looked like:
If you are looking to buy or sell a Brownstone in Franklin TN, contact Tammie White today at (615) 495-0752.
NOTE: The photo above is of an actual home in The Brownstones Franklin TN.
Comments (2)Subscribe to CommentsComment