What's My Cottonwood Home Worth? December 2016
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Cottonwood Home Worth? December 2016 Properties active on the market: 0 Single-family properties closed in December: 2 Average sales price: $480,700 Average list price: $484,450 Sales price to list price ratio: 99.2% Average days on the market: 68 Cottonwood absorption rate: 0 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). Cottonwood is experiencing an extreme seller's market. The list price to sales price is excellent, however, the average days on the market seem a little high. Ideally, homes should sell in less than 60 days. Even so, with no inventory on the market, now may be a good time to list your Cottonwood home.Wondering what your C...
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