What's My Franklin TN Home Worth? January 2016
- Properties currently Active on the market: 442
- Single-family properties closed in January: 97
- Average sales price: $523,343
- Average list price: $525,334
- Average sales price to list price ratio: 99.6%
- Average days on the market: 52
- Franklin TN absorption rate: 4.6 months of inventory (a normal or steady market would be 5-7 months, a buyer's market would be in excess of 7 months, and a seller's market would be less than 5 months)
Franklin continues to be in a seller's market. Given we're in the slowest part of the year, the average days on the market are very good. The sales price to list price ratio is excellent. This bodes well as we inch into the Spring selling season. Are you shocked by the average price of a home in Franklin? This number continues to rise as we have very little inventory. It's a great time to take advantage of this reduced inventory and list your home.
With all this good news regarding home sales, are you wondering what your Franklin TN home is worth? Click the photo below to get the instant value of your home.
A recent National Association of REALTORS® survey revealed 92% of buyers begin their home search on the internet. Properties heavily marketed there have a greater opportunity to be found by home buyers. This goes way beyond just syndicating your home from the MLS to national portal websites.
Because so many buyers are beginning their home search on-line, photography has become an important marketing tool for real estate agents. The best way to showcase your home is through the use of professional photography. It is by far the biggest bang for your buck.
Sellers should always ask their real estate agent, if professional photography will be used. If not, find an agent who will. Don't let the agent tell you because we're in a seller's market it isn't necessary. Guess what? No photos, no showings.
Additionally, the best way to bring attention to your Franklin home is to have an agent who is using the newest technology to get the word out about your home. This includes the use of social media and blogging. Something not many listing agents in the Franklin housing market are doing.
With the recent change in the way our multiple listing service is sending out information to the national housing websites, it's important to have an agent who really has an understanding of aggressively marketing your home on the internet. Especially, if your home has a unique feature that buyers may be looking for. Having your home promoted all over the country is essential to a quick sale.
Buyers are searching for key features that your home may have. Unfortunately, the multiple listing services limits the information we can provide about your Franklin TN home. Blogging about your home's features bring that information directly to buyers in search of a home just like yours; no matter where they are in the country. Many of our clients find us from our internet content.
Not convinced that Franklin Homes Realty LLC leads the pack in internet dominance, let me Google that for you. As you can see our website, www.FranklinTNHomesforSaleOnline.com ranks in several places on the first page of Google. We are the only local real estate company to do that. The other spots are taken by national real estate sites and brokerages. This placement isn't due to ads. The only way to rank in these spots is by being recognized as an authority by Google for Franklin TN real estate.
Curious how we do this? When you get ready to sell your Franklin TN home, contact Tammie White of Franklin Homes Realty LLC at (615) 495-0752 and I'd be happy to share how we can do this for you.