Franklin TN Real Estate
Founders Pointe 2011 Market Report
Founders Pointe continues to beat the Middle Tennessee findings of lower sales and lower prices. The following chart shows that inventory is low and the neighborhood market is active. With school just around the corner, more and more families will be anxious to get into the neighborhood before school starts.
| Market Activity the Past | 3 Months | 6 Months | 12 Months |
| Closed Transactions | 6 | 10 | 17 |
| Avg # Closed/ Month | 1.33 | 1.5 | 2 |
| # Active Listings | 8 | 8 | 8 |
| # of Month Supply | 3 Months | 3.6 Months | 4.27 Months |
The months of inventory in this report do not reflect the 2 active listings that have contingent contracts on them or the 2 pending sales. It is likely that next months report will show even less inventory.
If you compare Founders Pointe numbers to the Franklin TN sales, you'll see a remarkable difference. There is a 6.9 month supply based on the past 3 months sales and a 9 month supply if you're looking at the 6 and 12 month sales.
The Franklin TN Real Estate also shows lower inventory that the general Middle Tennessee Real Estate market that makes up Nashville and the surrounding counties. Inventory in Middle TN is between 9 and 11 months.
If you live in Founders Pointe and are thinking of selling, this is definitely the time to get your home ready and on the market.
Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.
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