Franklin TN Real Estate - August 2011 Market Report - All numbers up!

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Real Estate Agent with Pilkerton Realtors

Franklin TN Real Estate - August 2011 Market Report


All the numbers are up in Franklin this August! This is a great sign for the Franklin Real Estate market!

 

                            2010           2011       Percent increase

# of homes sold    124              129                +3%

Avg List Price      $392,134    $410,794           +3.5%

Avg Sales Price   $381,122    $391,737           +3%

 

GNAR (the Greater Nashville Association of Realtors) reported that home sales in the Middle Tennessee area were up 28% over the same period in 2010.

 

The first half of the year had distorted numbers because of the Tax Credit Incentive that was offered in the spring of 2010. The market is truly beginning to stabilize finally.

 

Inventory is down about 11% but there is still a 10 month supply of homes. This time last year there was a 15 month supply. This is good news for those hoping to sell this fall.



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Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.


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Rainmaker
1,130,955
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Connie - It is working.  Inventory going done, prices showing a little gain.  The market will be back to 6 month inventory in most parts of the country by this time next year.

Sep 18, 2011 11:51 AM #1
Rainmaker
926,477
Lottie Kendall
Today | Sotheby's International Realty - San Carlos, CA
Serving San Mateo County and San Francisco

Great market report, Connie; both your succinct, clear reporting and the figures themselves. It's great news.

Sep 18, 2011 11:57 AM #2
Rainmaker
136,208
Steve Stenros
Poway,La Jolla,Del Mar,Mira Mesa,Carlsbad,Escondido,Temecula - San Diego, CA
CREIA MCI, ICC, Home Inspector,San Diego

That's great Connie! Those numbers are heading in the right direction! Have a great Fall season!

Sep 18, 2011 02:16 PM #3
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Conrad - I sure hope so. I'm ready to get back to work!

Lottie - Thank you!

Steve - If the numbers keep moving this way, fall should be pretty good.

Sep 19, 2011 08:29 AM #4
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Connie Harvey

Realtor - Nashville TN Real Estate
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