Franklin Homes for Sale and May 2013 Market Report

Franklin Homes for sale and May 2013 market report – sales increased 16 percent in May of 2013 compared to the previous May with 206 homes sold compared to 178. The median prices of Franklin homes sold increased 13% from $336,000 to $380,000 and the median size of homes sold increased 4% to 3006 square feet. These are all great numbers for home sellers and should be a wake up call for buyers, because prices of Franklin Tn homes are rising fast.

206 Franklin Tn homes sold in May compared to 178 last year, an increase of 16%
the median price of homes sold in Franklin Tn increased 13% to $380,000
median days on market for homes sold was 54 days
328 Franklin homes are currently pending sale
742 Franklin homes are listed in the Nashville MLS as available for purchase
the absorption rate of Franklin Tn homes based on May Sales is 3.6 months
The median list price to sales price ratio for the month of May was 99%
the median price per square feet of sold homes in Franklin was $127

The most popular Franklin neighborhoods based on sales for May were

Westhaven with 20 sales
Fieldstone farms with 14 closings
Mckays Mill with 12 closings
Ladd Park with 5 closings
Sullivan Farms with 10 closings
Franklin Green with 6 closings
Watkins Creek with 8 closings
Dallas Downs with 5 closings

These statistics should tell everyone that Franklin real estate is in a sellers market, and prices are rising quickly. For Franklin home owners who are considering a move, now would be an excellent time to consider your options.

Search for Franklin Tn homes for sale here