What's My Keystone Home Worth? Market Report for June 2014
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Keystone Home Worth? Market Report for June 2014 Properties currently Active on the market: 3 Single-family properties closed in June: 3 Average sales price: $525,633 Average list price: $539,929 Average sales price to list price ratio: 97.4% Average days on the market: 54 Pending sales: 1 Keystone absorption rate: 1 month of inventory (a normal or steady market would be 5-7 months, a buyer's market would be in excess of 7 months, and a seller's market would be less than 5 months) Keystone is in an extreme seller's market but let's look at the numbers to determine what they tell us about the June sales in this neighborhood: 1. Average sales price to list price ratio: This number reflects what percentage of the sales price a home actually sold. At 97.4%, the average is slightly...