Franklin Tn Homes Market Report October 2013

Real Estate Agent with Benchmark Realty 00285925

Franklin Tn Homes October 2013 market report -  The average price of Franklin TN homes sold during September increased 10.4% compared to September of 2012 .  The number of  homes sold increased 10.8 percent, and the absorption rate is still down to 4 months. I expect prices to continue moving higher due to the market forces of low inventory and high buyer demand.

  • 172 Franklin Tn homes sold in September compared to 154 last year
  • the average price of homes sold in Franklin Tn increased 10.4%% to $450,456
  • average days on market for homes sold was 70 days
  • 256 Franklin TN homes are currently pending sale
  • 748 Franklin Tn homes are listed in the Nashville MLS as available for purchase
  • the absorption rate of Franklin Tn homes based on August sales and current inventory is 4.3 months
  • The average list price to sales price ratio for the month of July was 98%
  • the median price per square feet of sold homes in Franklin was $148


These statistics should tell everyone that Franklin real estate is in a sellers market, and prices are rising quickly. For Franklin home owners who are considering a move, now would be an excellent time to consider your options. Find the value of your Franklin Tn Home here

Search for Franklin Tn homes for sale here

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Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

The fact that Franklin Tn homes are 10% higher this year than last year shouldn't surprise anyone, but I know some buyers who have been waiting for a sign that it was time to buy, and I think they missed a great opportunity last year.

Oct 15, 2013 11:44 PM #1
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