What's My Sturbridge Pointe Home Worth? Market Report for June 2014
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Sturbridge Pointe Home Worth? Market Report for June 2014 Properties currently Active on the market: 1 Single-family properties closed in June: 2 Average sales price: $419,000 Average list price: $431,000 Average sales price to list price ratio: 97.2% Average days on the market: 240 Pending sales: 0 Sturbridge Pointe absorption rate: 3 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) Sturbridge Pointe is currently experiencing an extreme seller's market. However, the high average days on the market and the low sales price to list price ratio suggest these homes were not priced right when they came on the market. Buyers are looking at two things when purchasing...