Franklin TN has a total of 760 Residential properties listed for sale as of December 15th, 2011. There were 761 homes that  sold and closed in the time period of June 15th, 2011 through December 15th 2011. Closed sales are properties that have sold and that the transaction between the buyer and the seller is complete.

Courtesy Of RealTracs:

Active  760 Properties Found   Franklin Tn Real Estate  Franklin TN Homes For Sale
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 780 0 0 0 $65,000 $0 0
AVG 3,612 3.73 2.88 0.81 $688,794 $0 112
MEDIAN 3,310 4 3 1 $439,250 $0 91
MAX 20,430 8 9 6 $27,500,000 $0 1,007

Courtesy Of RealTracs:

Closed  761 Properties Found    Franklin TN Real Esate   Franklin TN Homes Sold
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 288 0 0 0 $30,000 $28,000 0
AVG 3,098 3.66 2.66 0.78 $418,118 $400,651 91
MEDIAN 2,933 4 2 1 $364,900 $355,000 75
MAX 15,506 8 12 4 $3,895,000 $3,227,700 562

I can now determine how many months of inventory are currently on the market based on the number of properties currently listed for sale and dividing that number by the the absorption rate for the time period of June15th, 2011 thru December 15th, 2011. The above chart shows that there are 760 listed properties in Franklin and the absorption rate is 127 residential properties a month. This means that as of December 15th 2011, Franklin has six months of inventory.

I am including here a quick comparison of the last 30 days of sales so that we can see how this compares with the past six months.

Courtesy Of RealTracs:

Closed  116 Properties Found   Franklin TN Sold Listings   Franklin TN Real Estate
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 288 0 0 0 $62,500 $48,000 0
AVG 3,129 3.65 2.69 0.71 $447,349 $432,267 105
MEDIAN 2,975 4 3 1 $403,995 $393,100 93
MAX 7,855 6 5 3 $1,899,000 $1,700,000 513

With this information we can now see that in the 30 day period of November 15th, 2011 through December 15th, 2011, there were 116 homes sold and closed. That gives us an absorption rate of 116 sales per month. With inventory as of December 15th, 2011 at 760 homes for sale, our adjusted months of inventory comes to a slightly higher time frame of 6.55 months of inventory. This is a very positive sign in my view as sales were not down significantly in a month where sales are not traditionally as high as warmer months with out having as many day's affected by holiday's.

For our neighbors that are thinking of selling your home, now is the time to prepare: The spring selling season is just around the corner and these buyers are contacting us now in their preliminary search for a home, and if you want to get the best possible price for your home, we need to help you get your home properly prepared so that the first impression that the buyers have of your home is one they remember for the right reason. Give us a call for a free consultation. We are here to help!

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The City of  Franklin is the County Seat Williamson County and is just a short drive from downtown Nashville and has a very diverse economy and offers residents wonderful choice of social, dinning and family activities. Just to the south of Nashville and Brentwood, many people find Franklin to be a great place to call home. Many types of opportunities for work can be found in and around Franklin and the area enjoys a diverse economic base. Franklin continues to grow and offers great opportunities for residents and businesses currently in the area and those moving to the area.

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Interest rates are at historic lows, and now is the time to buy. If you are selling your home give us a call and let us show you how to come out on top in this market. Waiting for the market to change will cost your buyers more to borrow money and price some of them out of your market, as well as cost you more when you buy your next home.

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