Franklin TN Real Estate - 2009 1st Quarter Market Report 
Closings for the First Quarter of 2009 are down 25% from 2008. Let’s remember that, though 25% is a lot, 75% of the sales still happened! Since this report covers all price ranges in Franklin, a little explanation will help when reading the information.
ON AVERAGE, the homes that closed were very similar in age and size, up 100 square feet, which is insignificant. The average sales price is up from $449,904 to $474,971 but the asking price to sales price is down from 97% to 96%.
New construction dominated the sales in homes priced over $400,000, which was just over half of the 178 closings the first quarter. Builders seem to be able to adjust their prices a bit lower than many homeowners.
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Franklin TN Real Estate 2008 Market Report
Contact Connie Harvey for more information about Franklin TN Real Estate or any general Real Estate information in Middle Tennessee.
HarveyC@realtracs.com or 615-661-7800 x 1300
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Connie Harveyis a local agent with Prudential Woodmont Realty, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals.
Connie can be reached at 615-661-7800 x 1300 or at HarveyC@realtracs.
Follow her Blog: Nashville Tennessee Living
Connie....you've taken what can be bad news, and made it sound better. Closings are down but prices are up! Sounds like a good thing for your market!
I should probably do one of these, but might scare the heck out of people! Or they might just realize how important pricing and the appearance of your condo is to get it sold!
Connie... This is a great blog... a very positive spin on what could be construed as bad information. Great job. Homes should *always* be priced ahead of the market. When this is done.. they sell. Simple.
Thom, just because sales are down doesn't mean NOTHING is selling. It's an easy concept but the Press likes to present it the other way.
Valerie, I'm looking forward to a great year.