What's My Kinnard Springs Home Worth? Market Report for June 2014
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Kinnard Springs Home Worth? Market Report for June 2014 Properties currently Active on the market: 2 Single-family properties closed in June: 1 Average sales price: $1,338,750 Average list price: $1,388,500 Average sales price to list price ratio: 96.4% Average days on the market: 66 Kinnard Springs absorption rate: 2 months 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) On the surface it appears that Kinnard Springs in in an extreme seller's market but let's look at the numbers more closely to interpret what they tell us about this single home sale in June: 1. Average sales price to list price ratio: This number reflects what percentage of the sales price a home a...
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