What's My Franklin TN Home Worth? January 2015
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Franklin TN Home Worth? January 2015 Properties currently Active on the market: 613 Single-family properties closed in January: 100 Average sales price: $511,095 Average list price: $526,059 Average sales price to list price ratio: 97.2% Average days on the market: 83 Active listings under contract: 162 Franklin TN absorption rate: 4.5 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) As we begin a new year with January 2015 closed sales, Franklin continues to be in a seller's market. Given we're in the slowest part of the year, the average days on the market are relatively good as is the sales price to list price ratio. This bodes well as we enter into 2015 wi...
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