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Franklin TN Homes For Sale – November 2022

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Franklin TN homes for sale – Franklin TN HomeThings have changed in the last few months with interest rates around 7% at this time, it’s a much slower market for home sales and multiple offers are becoming an unusual occurrence  instead of the norm. 

  • 84  Franklin TN homes sold during the month of  October 2022 compared to 120 for the same month last year  
  • 429 Franklin homes are currently listed in the Nashville MLS for sale
  • 196 homes are currently under contract
  • the median sales price for homes sold during the month of October was $799,500 compared to  $720,000 last year, an increase of 11%
  • the median price per square foot for homes sold was $317 compared to $272 for October of 2021 an increase of 16.5%
  • the average list price to sales price ratio for homes sold in October was 98%

Search for Franklin TN homes for sale here – information on this page is based on information on single family homes for sale in Franklin per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. View the top Franklin neighborhoods here.

 

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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(all data current as of 3/23/2023)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Franklin TN Homes for Sale October 2022

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Franklin TN homes for sale – We are still seeing a slow down in home sales and it’s all related to higher interest rates. It looks like the days of multiple offers for every home are over for now. Buyers finally get a chance to look at homes before they submit an offer, and investors seem to be less aggressive from what I’ve seen.

  • 212 Franklin homes sold during the month of  September 2022 compared to 218 for the same period last year 
  • 427 Franklin homes are currently listing in the Nashville MLS as available for purchase
  • 221 homes are currently under contract
  • the median sales price for homes sold during the month of September was $$778,158 compared to $732,500 last year an increase of 6%
  • the median price per square foot for homes sold was $321 compared to $265 for September of 2021 an increase of 21%
  • the average list price to sales price ratio for homes sold in September was 97.9%

Search for Franklin TN homes for sale here – 

Information on this page is based on information on single family homes for sale in Franklin per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. View the top Franklin neighborhoods here.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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See all Real estate matching your search.
(all data current as of 3/23/2023)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Real Estate Market Conditions October 2022

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Nashville real estateReal estate market conditions for October 2022.

The pending home sales index fell 24.2% year over year according to the National Association of Realtors. The weekly mortgage applications index fell 29% compared to the same week a year ago. The 30 year fixed rate mortgage ended the week at 6.52 percent after briefly reaching 7% during the week, it’s highest level since 2008. The Federal reserve is planning even more interest rate increases and is planning to liquidate more of it’s mortgage backed securities so I expect mortgage rates to increase soon.

So what does all of this mean for home sales? Buyers are either no longer qualified for the homes they want, or they are waiting for lower prices. So far the prices have been holding up, but we are seeing a lot of price reductions and the cost to build new homes should be coming down with the price of commodities. We have no way to know what the future will bring, but high rates tend to be a major drag on the real estate market.

Search for Nashville homes for sale here

search for Nashville luxury homes here

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(all data current as of 3/23/2023)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

 

Murfreesboro Homes for Sale – September 2022

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Murfreesboro home sales are cooling off and the number of sales year over year is down 26 percent but the average sales price is still 16% higher compared to August of 2021

  • 399 Murfreesboro homes sold during the month of August compared to 535 last year
  • 514 homes are currently pending sale most are new construction homes waiting to be finished
  • 698 Murfreesboro homes are listed in the Nashville MLS as available for purchase
  • the average size of homes sold during the month of August was 2145 square feet
  • the list price to sale price ratio of homes sold was 99.5%
  • The average price of Murfreesboro homes sold during the month was $462,979 compared to $398,225  last year an increase of 16%
  • The average price per square foot of homes sold was $218, an increase of 19% year over year

Search for Murfreesboro homes for sale here. See the top Murfreesboro neighborhoods here 

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For the most-up-to-date information on Nashville home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Nashville MLS listings come on the market or price reductions in Nashville real estate are posted.

Benchmark realty can assist buyers in all forms of Nashville relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, townhomes, lofts, and new homes in various subdivisions across the Nashville Metro region. information on this page is based on information on single family homes for sale in Nashville per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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See all Real estate matching your search.
(all data current as of 3/23/2023)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Westhaven Homes for Sale in Franklin TN – September 2022

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WesthavenWesthaven Homes are feeling the pain of higher interest rates with only 15 closings for the month of August 2022 compared to 27 closings in August of 2021. Prices are still remaining firm for now, but the competitive bidding has slowed significantly.

  • the average price per square foot of Westhaven homes sold during August was $433 compared to $360 last year
  • the median price of homes sold during the month was $1,050,000 compared to $1,300,000 last year
  • the list price to sales price ratio of homes sold during the month was 99% compared to 106%
  • The average days on market for homes sold in August was 24 compared to just 2 last year
  • 28 homes are currently pending sale most are under construction
  • 36 Westhaven homes currently for sale as listed in the Nashville MLS but some are under construction

Westhaven homes in Franklin TN have been the one of the most popular neighborhood in Williamson county and all of middle Tennessee for several years.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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(all data current as of 3/23/2023)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Brentwood TN Homes for Sale – September 2022

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Brentwood TN HomeBrentwood TN Homes for sale – The impact of higher interest rates is making an impact on the sales of homes in Brentwood with the number of closing during the month of August down 34% compared to August of 2021. The price of homes however is not falling at this time with the median price per square foot of homes sold during the month up 35% during the same time period.

  • 53 Brentwood TN homes sold during the month of August 2022 compared to 80 for the same month last year
  • 86 homes are currently under contract waiting to close
  • 125 Brentwood homes are listed in the Nashville MLS as available for purchase.
  • the median size of homes sold in August was 3770 square feet
  • The median price per square foot of homes sold was $337 compared to $249 for the same period last year, an increase of 35%
  • the median days on market for homes sold was 7 days
  • the list price to sales price ratio for homes sold in August was 100%

Search for Brentwood TN homes for sale here

Brentwood is located just south of Nashville in Williamson county and is known for low taxes, great schools, and large lots with mature trees. Many of the homes are Brentwood are luxury homes of the highest caliber with large lots and quick access to convenient shopping and dining.  We have had a shortage of homes in Brentwood and it’s taking a long time for new construction homes to catch up to the demand. If you want a new home in Brentwood, give me a call, I can help you find the right builder and neighborhood to meet your needs.

Search the most popular neighborhoods in Brentwood here

Search for Brentwood TN homes for sale here, and call your Brentwood real estate resource Larry Brewer Benchmark realty 615-512-7853

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(all data current as of 3/23/2023)

Listing information deemed reliable but not guaranteed. Read full disclaimer.