Franklin homes are starting to sell. - Someone ask me last week if Franklin homes were starting to move, and if so, what price range is moving best. Because I'm a realtor, I know that the more affordable homes are moving quicker than the more expensive homes. but just for the people who live with statistics, here is some real data. This information is for the period of 12/28./2009 until 1/28/2010, for homes in Franklin TN.
Prices up to $200,000 in Franklin
- 46 homes are currently active and not under contract
- 14 are under contract
- 3 closed in the last 30 days
From $200,000 to $300,000
- 136 homes are active and not under contract
- 31 homes are under contract to sell
- 16 closed in the last 30 days
From $300,000 to $400,000
- 133 homes are active and not under contract
- 43 are under contract
- 14 closed in the last 30 days
From $400,000 to $500,000
- 136 homes are active
- 43 are under contract
- 9 closed in the last 30 days
From $500,000 to $750,000
- 176 homes are active
- 30 are under contract
- 10 closed in the last 30 days
From $750,000
- 183 homes are active
- 15 are under contract
- 2 closed in the last 30 days
As you can, the more affordable homes come under contract a little faster than the luxury Franklin homes. But I was surprised that even up to $500,000 30 percent of the homes on the market are have a sales contract. I predict a very busy spring.
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Thanks Larry for the great stats. I have several people who will love to see this information.
Mandy - It is useful for me also. I believe that the best homes in Franklin will all be sold by march 1st, and the only thing remaining will be overprised or in bad condition.
Great stats Larry! More sales means more inspections. More inspections means more $$$$!!! I like...
Michael - Just more of the pie for all of us. I think it may get wild.