Franklin TN Real Estate Market Update November 2011
To see the above table sorted by zipcode in Williamson county for November 2011 click here. These tables include 6 months of closed sales and 3 months worth of pending home contracts. The table is proprietary from The Grumbles Team and may not be copied, however we would be glad to field any questions about the data.
The average price of a home for sale in Franklin, TN is $670,578. Franklin is an active market with only 6.3 months of inventory compared to 6.7 for the county. Active home listings have dropped on average 3% during the listing period. Here are a few homes that would be considered average homes for sale in Franklin, TN.
Our analysis shows that 817 homes have sold in Franklin in the past six months, making it the most active city in Williamson County. The average price of a home that has sold is $400,372 which is a vast difference from the average listed price. Homes that sold in the past 6 months had the sellers drop the price about 1.7% and then during negotiations they dropped the price another 4.6%. These figures are strong considering the economy with many short sales and foreclosures in our marketplace.
Interested in buying Franklin, TN properties at distressed prices? See the Franklin Foreclosure list.
If you are considering to sell your home in Franklin then you need The Grumbles Team to explain these numbers to you and how they affect the sales price of your home so contact the listing agents that know the market and lets sell your home. Also if you are wondering if you have equity in your home we can help you understand that and explain a short sale to you. We can be reached by any of the social media below or by calling or texting 615-587-5843.
The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.
EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555
Williamson County Real Estate Agent
Each EXIT Office Independently Owned and Operated