Franklin Tn home sales increased 18% in December compared to the same month last year with 171 closings. The median price of Franklin Tn homes sold during the month was up 8% at $409,000 compared to $379,000 last year. The absorption rate based on December sales and available homes for sale is 3 months keeping Franklin Tn homes in a strong sellers market.
- 171 homes sold in Franklin during the month of December 2013 compared to 145 last year, an increase of 18%
- the median sales price of homes sold was $409,000 compared to $379,000 last year, and increase of 8%
- the average sales price was $487,329 compared to $421,003 last year an increase of 16%
- the list price to sales price ratio averaged 99%
- the average size of homes sold was 3250 square feet making the average price per square feet $149.94
- 208 homes are currently pending sale
- 567 Franklin Tn homes are currently listed in the Nashville MLS as available for purchase
The most popular neighborhoods in December based on sales were
Yearly totals
- 2065 Franklin Tn homes sold in the year 2013 compared to1750 in 2012, an increase of 18%
- the average sale price for 2013 was $454,207 compared to $411,915 in 2013, an increase of 10%
In summary Franklin Tn home sales increased in volume and price in 2013 compared to 2012, and we expect more of the same in 2014. Search for Franklin Tn homes for sale here
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