What happened in Augut?

Well, as most of you have heard and seen, the market has slowed down a bit. However, it hasn't slowed down as much as everyone thinks. You also have to realize that we've been in a huge "bubble" for almost five years now, it was bound to happen at some point.

Anyway, here is what happened in Franklin during the month of August. Keep in mind that these figures are based on actual homes that were listed, not For Sale By Owner homes.

Number of homes sold: 190
Average Sales Price: $442,458.00
Low Sales Price: $156,665.00
High Sales Price: $1,970,000.00
Average Days on Market: 43
Average $/SQFT: $146.17

Compared to last month, the numbers are down, but not by much. Here is a snapshot of what happened in July:

Number of homes sold: 200 (10 more than August)
Average Sales Price: $443,604.00 ($1,146 less than August)
Low Sales Price: $41,500.00 ($115,165.00 less than August)
High Sales Price: $ 1,575,000.00 ($395,000 less than August)
Average Days on Market: 42 (1 less than August)
Average $/SQFT: $143.29 ($2.88 less than August)

So, as you can see, there really has not been that much change over July, except the number of homes sold, which is a very small percentage.