What's My Stream Valley Home Worth? April 2016
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Stream Valley Home Worth? April 2016 Properties active on the market: 17 Single-family properties closed in April: 3 Average sales price: $478,203 Average list price: $477,167 Sales price to list price ratio: 100.2% Average days on the market: 80 Stream Valley absorption rate: 5.7 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 Stream Valley is experiencing an extreme buyer's market, buyers should expect to pay close to asking price. The majority of the homes listed are new construction but existing homes have begun to enter the resale market. This new construction is bolstering home prices but existing home sellers...
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