Franklin TN Homes - November 2018 Update

By
Real Estate Agent with Benchmark Realty LLc License# 00285925

Franklin TN Homes for Sale - It feels like sales are slowing, but the closings or October were still very strong for this late in the year. The prices of closed homes are still coming in at very close to list price but the average days on market is Franklin TN Homenow up to 37 days. The absorption rate based on October sales and current inventory is still only 3 months.

  • 194 homes sold in the month of October compared to 179 for the same month in 2017
  • the median price of homes sold during the month was $538,105 compared to $516,000 for October of 2017, and increase of 4.2%
  • the median size of homes was 2,908 square feet compared to 2974 last year
  • the median price per square foot of homes sold during the month was $188 compared to $173 for the same period in 2017
  • the list price to sales price ratio of homes sold was 98.5%
  • the average days on market is up to 37 days
  • 568 Franklin TN homes are currently listed in the Nashville MLS for sale, with many of those homes still under construction
  • 162 homes are under contract at this time

Search for Franklin TN homes for sale here

Franklin TN Homes for Sale    

For the most-up-to-date information on Franklin TN homes values, then we urge you to contact us. We can assist you with all aspects of buying or selling homes in Franklin and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Franklin real estate comes on the market or price reductions in Franklin TN real estate is posted. Franklin TN is located just 20 miles south of downtown Nashville along I-65 in Williamson county. Blessed with a restored historic square and main street, Franklin has a lot of old world charm as well as attractions for those who enjoy fantastic shopping and dining in the Cool Springs area of Franklin. Fortune 500 businesses have also found that the Williamson county tax structure and a highly educated workforce make Franklin a very desirable location. It helps that Williamson county schools are the top ranked schools in the state, and several of the schools are ranked nationally in many publications. Find Franklin TN homes for sale here.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

  1. 3 beds, 4 baths
    Home size: 2,454 sq ft
    Lot size: 3,049 sqft
    Year built: 2018
    Listed with Ford Homes Realty
     
    Broker reciprocity icon
  2. 3 beds, 4 baths
    Home size: 2,502 sq ft
    Lot size: 3,049 sqft
    Year built: 2018
    Listed with Ford Homes Realty
    Broker reciprocity icon
  3. 4 beds, 3 baths
    Home size: 2,832 sq ft
    Lot size: 10,018 sqft
    Year built: 1988
    Listed with RE/MAX Elite
    Broker reciprocity icon
  4. 3 beds, 2 baths
    Home size: 1,704 sq ft
    Lot size: 8,712 sqft
    Year built: 2019
    Listed with Patterson Company, LLC
    Broker reciprocity icon
  5. 6 beds, 7 baths
    Home size: 7,527 sq ft
    Lot size: 12,196 sqft
    Year built: 2017
    Listed with PARKS
    Broker reciprocity icon
  6. 4 beds, 4 baths
    Home size: 3,550 sq ft
    Lot size: 8,712 sqft
    Year built: 1995
    Listed with Realty Trust Residential, LLC
    Broker reciprocity icon
  7. 4 beds, 5 baths
    Home size: 4,467 sq ft
    Lot size: 1.13 ac
    Year built: 2002
    Listed with Benchmark Realty, LLC
    Broker reciprocity icon

See all Franklin.
(all data current as of 11/17/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Larry. Thanks for the update on the Franklin market. Enjoy your day!

Nov 17, 2018 06:04 AM #1
Rainmaker
4,914,138
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Larry Brewer - Benchmark Realty llc I had to stop by today and congratulate you and your Titans for stomping the Patriots...oh, how they deserved it.... your Titans are a kick-ass team this year...

Nov 17, 2018 06:23 AM #2
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Oh, I'm with you - a bit slower to sell but, prices are up and the number of sales are up as well, Larry! I believe we're in a bit of a correction, beginning with the luxury market but, other than that, still dealing with multiple Offers in the under-$300K price range. There are still plenty of buyers out there!

Nov 17, 2018 04:24 PM #3
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Just popping in to say HAPPY MONDAY, Larry! I hope you're doing well and business is booming this holiday season!

Dec 03, 2018 08:44 AM #4
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Larry Brewer - Benchmark Realty llc

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