What's My Hurstbourne Park Home Worth? August 2016
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Hurstbourne Park Home Worth? August 2016 Properties active on the market: 8 Single-family properties closed in August: 2 Average sales price: $679,425 Average list price: $680,907 Sales price to list price ratio: 99.8% Average days on the market: 10 Hurstbourne Park absorption rate: 4 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Hurstbourne Park is experiencing a seller's market. The sales price to list price ratio is excellent and the average days on the market are low. As we move into the Fall months, sales have begun to slow down. Sellers would be wise to remember that new construction is their primary competition. Pricing your home ri...
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