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Franklin TN Real Estate – June 2020 Market Update and Homes For Sale

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Homes for sale in Franklin Tn – Franklin TN HomeThe number closings in June were up 39% compared to May but still down 13% compared to June of last year showing the the housing recovery from the virus is happening very quickly. We still have a shortage of inventory in Franklin and most of the Nashville area.

    • 461 Franklin TN homes are currently listed in the Nashville MLS for purchase at this time
    • 263 homes closed during the month of June, up 39% compared to May but down 13% compared to the same month last year
    • 482 homes are currently under contract at this time
    • the average sales price for Franklin TN homes sold during the month of June was $638,197 at $209 per square foot
    • the list price to sales price ratio for homes sold in June was 99%

 

Search for Franklin TN homes for sale here


For the most-up-to-date information on Franklin TN homes values, then we urge you to contact us. We can assist you with all aspects of buying or selling homes in Franklin and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Franklin real estate comes on the market or price reductions are posted.

Franklin TN is located just 20 miles south of downtown Nashville along I-65 in Williamson county. Blessed with a restored historic square and main street, Franklin has a lot of old world charm as well as attractions for those who enjoy fantastic shopping and dining in the Cool Springs area of Franklin. Fortune 500 businesses have also found that the Williamson county tax structure and a highly educated workforce make Franklin a very desirable location. It helps that Williamson county schools are the top ranked schools in the state, and several of the schools are ranked nationally in many publications. Find Franklin TN homes for sale here.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

Franklin Tn Homes for Sale – June 2020

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Franklin TN HomeFranklin TN homes for sale – The lock down due to the Wuhan virus scare had a large impact on sale of homes in Franklin TN during the month of May where closings were down by 33% compared to the same month last year. Do not be mislead into thinking it had any impact on the prices of homes, because the average price per square foot of homes sold went up 3% to $210. Pending sales are very strong at this point and it looks like the summer will be very active.

    • 531 Franklin TN homes are currently listed in the Nashville MLS for purchase at this time
    • 189 homes closed during the month of May, down 33% from last year
    • 398 homes are currently under contract at this time
    • the average sales price for Franklin TN homes sold during the month of May was $609,043 at $210 per square foot
    • the list price to sales price ratio for May was 99%

 

Search for Franklin TN homes for sale here


For the most-up-to-date information on Franklin TN homes values, then we urge you to contact us. We can assist you with all aspects of buying or selling homes in Franklin and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Franklin real estate comes on the market or price reductions are posted.

Franklin TN is located just 20 miles south of downtown Nashville along I-65 in Williamson county. Blessed with a restored historic square and main street, Franklin has a lot of old world charm as well as attractions for those who enjoy fantastic shopping and dining in the Cool Springs area of Franklin. Fortune 500 businesses have also found that the Williamson county tax structure and a highly educated workforce make Franklin a very desirable location. It helps that Williamson county schools are the top ranked schools in the state, and several of the schools are ranked nationally in many publications. Find Franklin TN homes for sale here.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

Franklin Homes for Sale – April 2020 Update

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205 Corey DriveFranklin TN homes for sale – Most of the closings for April were for homes that were under contract before we had any virus concerns, so they were still quite active. Expect a considerable reduction in sales in the next month, but not a reduction in prices. Sellers are not in a hurry to list their homes at this time and most are waiting it out to improve their chances of getting top dollar. Interest rates were very volatile during the end of March and beginning of April, but they are back down to less than 4% for most loans at this time. I understand that loans over $1,000,000 are a little more difficult if you are in that market.

  • 488 Franklin TN homes are currently listed in the Nashville MLS for purchase at this time
  • 201 homes close during the month of March, up slightly over the same month last year at 195
  • 208 homes are currently under contract at this time
  • the average sales price for Franklin TN homes sold during the month of March was $616,241 at $210 per square foot
  • the list price to sales price ratio for March was 100%

Search for Franklin TN homes for sale here


For the most-up-to-date information on Franklin TN homes values, then we urge you to contact us. We can assist you with all aspects of buying or selling homes in Franklin and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Franklin real estate comes on the market or price reductions are posted.

Franklin TN is located just 20 miles south of downtown Nashville along I-65 in Williamson county. Blessed with a restored historic square and main street, Franklin has a lot of old world charm as well as attractions for those who enjoy fantastic shopping and dining in the Cool Springs area of Franklin. Fortune 500 businesses have also found that the Williamson county tax structure and a highly educated workforce make Franklin a very desirable location. It helps that Williamson county schools are the top ranked schools in the state, and several of the schools are ranked nationally in many publications. Find Franklin TN homes for sale here.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

Franklin TN Homes – April 2019 Update

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Franklin TN HomeFranklin TN Homes for Sale – March home sales were slower than the previous year with 173 closings compared to 205 for March of 2018, but prices are still strong with the average price per square foot increasing 8.5% on average to $204 compared to $188 for the same month last year.

  • 173 homes sold in the month of March compared to 205 for the same month in 2018
  • the median price of homes sold during the month was $527,040 compared to $475,000 for March of 2018, and increase of 10.9%
  • the median size of homes was 2685 square feet compared to 2755 last year
  • the average price per square foot of homes sold during the month was $204 compared to $182 for the same period in 2018
  • the list price to sales price ratio of homes sold was 100%
  • the average days on market is only 32 days
  • 570 Franklin TN homes are currently listed in the Nashville MLS for sale, with many of those homes still under construction
  • 215 homes are under contract at this time

Search for Franklin TN homes for sale here

For the most-up-to-date information on Franklin TN homes values, then we urge you to contact us. We can assist you with all aspects of buying or selling homes in Franklin and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Franklin real estate comes on the market or price reductions in Franklin TN real estate is posted.

Franklin TN is located just 20 miles south of downtown Nashville along I-65 in Williamson county. Blessed with a restored historic square and main street, Franklin has a lot of old world charm as well as attractions for those who enjoy fantastic shopping and dining in the Cool Springs area of Franklin. Fortune 500 businesses have also found that the Williamson county tax structure and a highly educated workforce make Franklin a very desirable location. It helps that Williamson county schools are the top ranked schools in the state, and several of the schools are ranked nationally in many publications. Find Franklin TN homes for sale here.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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How’s the Nashville Real Estate Market? Third Quarter 2014 at a Glance

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Without a doubt, the question I get asked most is, “How’s the market?”  The Nashville real estate market is such a contributing factor to our local economy that it’s good to know how the market is doing.  There are many ways to judge how the market is doing, but the easiest and most time tested manner is by using a “units sold” comparison along with a “median price” comparison.

Let’s look at the numbers and see how the Middle Tennessee real estate market in Q3 2014 stacked up to Q3 2013 and Q3 2012.  For simplicity I’m going to look only at residential homes sold and median price in three city-wide markets as general market indicators:  Nashville (Davidson County), Brentwood (Williamson County) and Franklin (Williamson County)

Let’s see how we did this quarter (July 1 – Sept 30):

Nashville

Year     Homes Sold     Median Price

2014         1,799              $240,000

2013         1,608              $221,640

2012         1,347               $185,000

Nashville home sales in the third quarter of 2014 were up 11.8% over 2013 and up 33.5% over 2012.  The median home price was up 8.2% over 2013 and up 29.7% over 2012.
 
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Brentwood

Year     Homes Sold     Median Price

2014         261                  $644,020

2013         276                  $550,614

2012         235                  $519,986

Brentwood home sales in the third quarter of 2014 were down 5.5% from 2013 and up 11% over 2012.  The median home price was up 16.9% over 2013 and up 23.8% over 2012.
 
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Franklin

Year     Homes Sold     Median Price

2014         627                 $400,400

2013         591                 $405,000

2012         541                 $351,300

Franklin home sales in the third quarter of 2014 were up 6.1% over 2013 and up 15.9% over 2012.  The median home price was down 1.1% over 2013 and up 13.9% over 2012.
 
Search Franklin Homes Here
 
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