Franklin Homes sales increased 40% percent in November of 2012 compared to November of last year. The median price of homes in Franklin had a slight increase from $346,750 to $355,495 and the days on market is down to 69 days. With only 691 Franklin Tn Homes currently listed in the MLS, the absorption rate based on November sales is down to 4.9 months. With 212 pending sales, I expect December to be another busy month.
- 140 Franklin Homes sold in November 2012 compared to 100 last year
- the average days on market is down to 69
- 212 Franklin homes are currently pending sale
- 691 homes are currently listed in the MLS as available for purchase
- the list price to sales price ratio of Franklin homes was 98% on homes sold
Franklin homes have been moving at a much faster pace than the Nashville average, and prices have been rising for several years now. In some price ranges and neighborhoods, buyers can expect multiple offer situations and bidding wars have become very common.
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(all data current as of 1/31/2015)
$274,700 : 308 Derby Ln, Franklin3 beds, 2 full bathsListed with Berkshire Hathaway HomeServices Woodmont Realty
$325,750 : 401 Sugartree Ln, Franklin3 beds, 2 full, 1 part bathsListed with Allison James Estates and Homes of Tennessee
$449,000 : 1351 Holly Hill Dr, Franklin3 beds, 3 full, 1 part bathsListed with Benchmark Realty, LLC
Listing information deemed reliable but not guaranteed. Read full disclaimer.