Franklin TN Real Estate December 2013 market report - sales finally slowed down a little bit in November with 145 closings, just 2 more than the same month last year, but prices are still on the rise with the average price this year at $484,322 compared to $400,493 last year. With the absorption rate at 4 months, It's still a sellers market in Franklin real estate
- 145 Franklin homes sold in November compared to 143 last year
- the median price of homes sold in Franklin Tn increased 23% to $432,500
- average days on market for homes sold was 55 days
- 244 Franklin Tn homes are currently pending sale
- 635 Franklin homes are listed in the Nashville MLS as available for purchase
- the absorption rate of Franklin Tn real estate based on November sales is 4 months
- The median list price to sales price ratio for the month was 99%
- the median price per square feet of sold homes in Franklin was $146
The most popular Franklin neighborhoods based on sales for November were
- Westhaven with 21 sales
- Fieldstone farms with 6 closings
- Mckays Mill with 8 closings
- Stream Valley with 7 closings
- Watkins Creek with 9 closings
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.
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