Keeping an eye on trends in the market is one way I, as real estate agent, can help you know when to buy, when to sell, and for how much. I monitor various metrics for local towns, neighborhoods, and areas so I can better serve my clients.
Let’s a quick look at what happens in Franklin, NC in November 2018 versus November 2017.
In December the number of homes sold decreased 21% year-over-year, but the average list price increased 14%, average sale price increased 16%, days on market decreased 18%, and Sold/List price increased 117 basis points.
These numbers are telling us homes are selling faster and for more money than a year ago. Homes are also selling closer to list price. Inventory is still historically low, which explains the increase in prices and decrease in days on market despite increasing interest rates.
We are still seeing a healthy supply of buyers despite the increasing interest rates because, historically, rates are still great. Now is still a great time to list your home and expect a great return on your investment.
Call me today at 770-561-4827 if you’d like more information or a specific report for your neighborhood. I’d be happy to create a custom report just for you.
