Franklin Indiana Real Estate Report – April 2007
| At a Glance: | ||
|
2007
|
2006
|
% Change
|
| Active: $141,996 | Active: $136,688 | 3.88 |
| Pending: $119,019 | Pending: $111,838 | 6.42 |
| Sold : $136,329 | Sold : $104,169 | 30.87 |
| Days on Market: 108 | Days on Market: 89 | |
| Absorption Rate: 8.26 |
Active:
April 2007 added 58 homes to the Franklin Indiana real estate market and the average listing price was $141,996. April 2006 added 59 Franklin homes to the market with an average listing price of $136,688. The average newly listed home was up $5,308 or 3.88% over last year.
Pending:
In April 2007, 31 Franklin homes went pending with an average asking price of $119,019. The same month in 2006 saw 25 homes go to pending status and had average asking price of $111,838. This is an increase of $7,181 or 6.42% over last year.
Sold:
32 homes in April 2007 on the Franklin real estate market and the average selling price was $136,329. The average Franklin home took 108 days to sell and received 99.03% of the asking price. In 2006, 32 homes sold with an average selling price of $104,169. The average Franklin home in 2006 took 89 days to sell and received 96.55% of the asking price. The overall numbers indicated an increase of $32,160 or 30.87% over April 2006.
Usually, when an almost 30% increase is seen over last year some sort of anomaly has occurred. However, there are no obvious reasons to believe these numbers are skewed; the highest priced home to sell in April was just under $200,000. This appears to be great news for the Franklin real estate market.
As of 5/11/2007, there are 217 active properties on the Franklin real estate market. In the past 12 months 315 Franklin homes have sold: this means that there is currently an 8.26 months supply of homes if no new properties are added.
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Date: 2007-06-12 16:51:46Views: 209