Franklin TN Homes for Sale | Market Report November 2013

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

Franklin TN Homes for Sale | Market Report November 2013

Frankin TN is located 14 miles south of Nashville. There are approximately 35,000 homes with a population close to 63,000. Although, Franklin TN is the largest city in Williamson County, it has a small town feel. As a matter of fact, Franklin was named the Best Small Town in Tennessee.

There are two distinct areas of Franklin TN: Historic Franklin and the Cool Springs retail district. Historic Franklin dates back to 1799. The streets of historic Franklin are lined with boutique shops and eateries. It attracts both residents and out-of-town visitors hoping to get a glimpse of our Southern hospitality.

The Cool Springs retail district gets its name from Cool Springs Galleria but, make no mistake, this is in Franklin. You will find a variety of well-known restaurants and stores here. Nissan North America has its headquarters in this area as do other large companies. Franklin is seeing more and more industry moving here.

Franklin TN has a variety of housing options from one-level condominiums to large equestrian estates. Franklin is served by Williamson County Schools and is home to Battle Ground Academy, a popular private school choice.

Once you've visited our friendly city you won't want to leave.


Franklin TN Homes for Sale

 

 Franklin TN Homes for Sale | Market Report November 2013

 

Franklin TN Market Report for November 2013

  • Properties currently Active on the market: 629
  • Single-family properties closed in November 2013: 145
  • Average sales price: $484,322
  • Average list price: $490,094
  • Average sales price to list price ratio: 98.8%
  • Average days on the market: 55
  • Sales currently pending: 236
  • Franklin TN absorption rate: 4.3 months of inventory (a normal or steady market would be 5 - 7 months; anything under 5 months of inventory is considered a sellers' market; anything above 7 months of inventory is considered a buyers' market).

 

 WOW! Just look at those numbers. Franklin TN has been in a seller's market for much of the year and November wasn't any different. Sales continue to be strong. The average sales price to list price ratio is excellent and the average days on the market is low; a winning combination for home sellers. This bodes well as this reflects our entire inventory at every price point. Many of these homes are already under contract. What does this mean?

THIS IS A GREAT TIME TO SELL YOUR FRANKLIN TN HOME!

While we are experiencing a sellers' market, buyers are still very particular about the homes they purchase. Sellers should keep this in mind when preparing their Franklin TN homes for sale. Price is also key. Even though, some neighborhoods are seeing homes sell the first day very near asking price, buyers are more savvy than ever and know when a house is priced above its value.

The best way to determine a list price is to have an experienced real estate agent prepare a Competitive Market Analysis. This will provide you with the current active listings and most recent closed sales so you can price your home competitively.

 If you are a Franklin TN home buyer, be sure to have the assistance of a Buyer's Agent, even when purchasing new construction. A Buyer's Agent will provide you with a Competitive Market Analysis and negotiate the best price for you. This service is provided at no cost to you. Buyer's Agents are paid by the listing brokerage company or new construction builder.

 If you need assistance with Franklin TN homes for sale, contact

 

Tammie White at (615) 495-0752.

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.
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Tennessee Williamson County Franklin Franklin
Groups:
City and State
Local Expert
Local Real Estate Market Reports
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
franklin tn
market reports

Spam prevention
Show All Comments
Ambassador
2,758,801
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning, Tammy. I can remember when Franklin was a mere wide spot in the road. It certainly has changed over the past few years.

Dec 11, 2013 04:55 PM #1
Ambassador
2,696,632
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services
Hi Tammie, thanks for sharing how well Franklin TN Homes for Sale Market Report November 2013. Wishing you all the best. Stay the best Franklin TN short sale agent.
Dec 11, 2013 06:11 PM #2
Rainmaker
512,206
Bill Kennedy
Keller Williams Realty - Greenville, SC
Homes For Sale Greenville SC

Nice listing you have here. Hope it sells soon for you. Good luck! :)

Dec 11, 2013 10:35 PM #3
Rainmaker
2,540,059
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Hi Tammie, congrats to Franklin TN...you are #8 in the list of the Top 20 Favorite Small Towns in America by Travel and Leisure magazine!

Dec 11, 2013 11:46 PM #4
Rainer
131,985
Barbara Gregus
CARES Consumer Advantage Real Estate Services - Sandia Park, NM
Sandia Park Paa-ko Homes
Hello Tammie very well done with this market report. Congratulations on a job well done last November. Keep it up and stay the best!
Feb 11, 2014 10:16 AM #5
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
1,704,360

Tammie White, Broker

Franklin TN Homes for Sale
GET REAL. GET LOCAL.
*
*
*
*
Spam prevention

Additional Information