Timberline Franklin TN Home Sales for June 2012
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Timberline Franklin TN Home Sales for June 2012 provided by Tammie White: Properties currently active on the market: 4 Single-family properties closed in June 2012: 3 Average sales price: $492,500 Average list price: $518,900 Sales price to list price ratio: 94.9% Average days on the market: 191 Sales currently pending: 0 Timberline absorption rate: 1.3 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). Timberline is in an extreme sellers' market. While the sales price to list price is good, the average days on the market suggest that at least some of the homes may have been over-priced. When homes are priced correctly, they don't linger on the market a...