The Brownstones Franklin TN Home Sales for October 2012

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

The Brownstones Franklin TN Home Sales for October 2012 provided by Tammie White Franklin TN REALTOR®:

  • Properties currently active on the market: 5The Brownstones Franklin TN Homes for Sale
  • 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:

The Brownstones Franklin TN Home Sales

 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.

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.

Comments (2)

Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Hello Tammie, Brownstones Franklin looks like a great neighborhood.Good luck on the business and Stay top notch Franklin TN Short Sale Agents.

 

 

Nov 09, 2012 03:23 PM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Petra - Thanks for your continued support.

Nov 09, 2012 04:22 PM