What's My Lockwood Glen Home Worth? April 2016
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Lockwood Glen Home Worth? April 2016 Properties active on the market: 16 Single-family properties closed in April: 3 Average sales price: $486,408 Average list price: $487,233 Sales price to list price ratio: 99.8% Average days on the market: 58 Lockwood Glen absorption rate: 5.3 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). While the numbers suggest Lockwood Glen is in a buyer's market, nothing could be further from the truth. This neighborhood is still under construction but existing homes have begun to enter the resale market. The majority of the listings and closed sales are due to new construction.While new construction is bolstering ...