Franklin TN Real Estate August 2014 Market Summary

Franklin TN Real Estate August 2014 Market Summary

We have prepared our exclusive  August 2014 Franklin Real Estate market update and posted it below for your review.  Wheteher buying or selling you need to know these numbers and how they impact your decisions.

The average Franklin home listed for sale at the time of this report is $831,708 while the average sales price of a home SOLD in Franklin over the past 3 months is $454,662.  If you are considering selling your home then you would be curious to know that sellers have reduced their listing price bu only 0.6% before an offer was received and then the price was negotiated down about 1.7% on average.  These averages were based on 689 sales in Franklin.  

All of Williamson County had 1535 sales in the past 3 months and the average county sales price was $463,273 over that time.  Spring Hill remains as one of the larger markets with the most economical home pricing.  It is also the lowest inventory market at 2.3 months of inventory. 

Brentwood, TN average list price comes in just under $1 Million and the average sold price is $732,565 with 3.5 months of active inventory. 

The Relocation Engineer can explain all these numbers to you so reach out to us at the number below and get the most informed agent to explain them to you and how the imapct your decision to buy or sell.

Below is a chart of all Middle TN home sales from our local MLS.  It plots the past 8 years of real estate transactions and you can clearly see the real estate recession and how we worked ourselves out of that recession as we have just had 3 consecutive months over 4000 unit sales.

Jeremy Flax Headshot
Phone: 615-582-0909
Dated: September 8th 2014
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