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

By
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.



Posted by

Subscribe 

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.


Search for Homes in Nashville TN

Search for Homes in Brentwood TN


close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the umbrella to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate Market Trends
Location:
Tennessee Williamson County Franklin Franklin
Groups:
City & State: Listings and Market Reports
HyperLocal Neighborhood and Community Posts
Local Expert
Market Updates
Posts to Localism
Tags:
franklin tn market report

Comments 4 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
918,374
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Asociates

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.

September 18, 2011 11:51 AM
Rainmaker
795,086
Lottie Kendall
Helping make YOUR dreams a reality
Today | Sotheby's International Realty

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

September 18, 2011 11:57 AM
Rainmaker
136,058
Steve Stenros
CREIA MCI, ICC, Home Inspector,San Diego
Poway,La Jolla,Del Mar,Mira Mesa,Carlsbad,Escondido,Temecula

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

September 18, 2011 02:16 PM
Ambassador
827,532
Connie Harvey
Realtor - Nashville TN Real Estate
Pilkerton Realtors

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.

September 19, 2011 08:29 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the umbrella to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Ambassador
827,532

Connie Harvey

Realtor - Nashville TN Real Estate
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Connie Harvey Realtor