Franklin TN Homes - April 2020 Market Update

By
Real Estate Agent with Benchmark Realty LLc License# 00285925

Franklin TN HomeFranklin TN homes for sale - Most of the closings for April were for homes that were under contract before we had any virus concerns, so they were still quite active. Expect a considerable reduction in sales in the next month, but not a reduction in prices. Sellers are not in a hurry to list their homes at this time and most are waiting it out to improve their chances of getting top dollar. Interest rates were very volatile during the end of March and beginning of April, but they are back down to less than 4% for most loans at this time. I understand that loans over $1,000,000 are a little more difficult if you are in that market.

  • 488 Franklin TN homes are currently listed in the Nashville MLS for purchase at this time
  • 201 homes close during the month of March, up slightly over the same month last year at 195
  • 208 homes are currently under contract at this time
  • the average sales price for Franklin TN homes sold during the month of March was $616,241 at $210 per square foot
  • the list price to sales price ratio for March was 100%

Search for Franklin TN homes for sale here 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 are 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

services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

 

 

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Rainmaker
609,800
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

Apr 23, 2020 06:48 PM #1
Rainmaker
1,826,627
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

thanks for the market update - it is good to see what is going on in different parts of the market. 

May 09, 2020 11:16 AM #2
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Rainmaker
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Larry Brewer - Benchmark Realty llc

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