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Franklin Real Estate Trend Jan 2010

Someone ask me last week if Franklin real estate was starting to move, and if so, what price range is moving best. Because I’m a realtor, I know that the more affordable real estate was 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.

From Westhaven

 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.

 To search for Franklin real estate, click on the link

Published Saturday, January 30, 2010 11:49 AM by larry Brewer

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