Franklin TN Home Sales for February 2010 are as follows
- 71 Franklin TN Homes were sold
- The average price of homes sold was $382,631
- The average size of homes sold was 2995 square ft
- The average number of days on market for sold homes in Franklin was 98
- 146 Franklin TN Homes are pending sale
- 959 Homes are available for sale in Franklin
My analysis is this – The inventory of homes in Franklin is still sufficient to support a buyers market, and prices reflect that. However, new homes at affordable prices are becoming harder to find, and builders will not be replenishing sold homes at the rate they did in the past. Pre-owned homes will always be available, but I expect the prices to start increasing for the higher demand communities like Westhaven .
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Larry good work keeping everyone updated on the market stats for the Franklin area!
Buy now, avoid the rush.