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Market Trends
Commentary Provided byShane Powell It is a wonderful time to buy. Prices are lower than ever and there are more homes on the market than ever in the past. Call us today for all your real estate needs. |
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| Report Date | Winter 2010 | ||
| Nearest Metro Area | Nashville | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $375,000 - View Graph Trend | ||
| Best Selling Price Range | $300,000 - $349,000 | ||
| Worst Selling Price Range | $450,000 - $499,000 | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | No | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Franklin is | Increasing | ||
| Seller Activity for the past 90 days in Franklin is | No Change | ||
| Is Financing Available For Qualified Buyers in Franklin? | Yes | ||
| Existing Home Prices for the past 90 days are | Decreasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Sullivan Farms, Polk Place, Laurel Cove, Avalon, Forest Crossing, Founders Pointe, Buckingham Park, Cottonwood, Fieldstone Farms, Leipers Fork, Ladd Park, McKays Mill, Polk Place, Oakwood Estates, Westhaven, Keystone, Gateway Village, Temple Hills, Historic Frankiln, Willowsprings, Carlisle, Natchez Trace, Garden Club Estates, Laurel Hill, Belle Vista, Henley, McLemore Farms, Legends Ridge, River Landing, Watkins Creek, Durham Manor, Belle Chase Farms, Laurelbrooke, Hourstbourne, Stream Valley, | ||
| Reason to Buy/Sell | Job Growth | ||
| Average Sold Price | $375,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Shane Powell
Crye-Leike Cool Springs Franklin, Tennessee 615-604-8207 shane@shanepowell.com Agent Home Page 
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Franklin Local News
The Tax Credit is ending! - Wednesday September 16th, 2009 12:11pm
The $8,000 tax credit will be no good if you do not close on a home before November 30th, 2009. Call us today, there is still time!
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615-604-8207
