Franklin MA Real Estate Market Report December 2012

Franklin Massachusetts Real Estate Report December 2012

Franklin MA Real Estate

 

 

 

 

 

Franklin MA Real Estate Activity For December 2012 vs December 2011

In December of 2012 there were 22 homes that closed within the month for Franklin MA. This is a decrease of 1 unit, as there were 23 homes that closed in December of 2011.

The Average list price for the homes that closed in December of 2011 was $365,230

The Average list price for the homes that closed in December of 2012 was $479,114

The Average sale price for the homes that closed in December of 2011 was $354,991

The Average sale price for the homes that closed in December of 2012 was $460,970

The Average Market time for the homes that closed in December of 2011 was 102 days.

The Average Market time for the homes that closed in December of 2012 was 67 days.

Franklin MA Homes Under Contract For December 2012

15 homes went under agreement in the month of December. The average list price of the homes that went under agreement was $392,020. The average time on the market for these homes were 92 days. December was a very good month for homes going under contract in the Franklin Real Estate market.

January 2009 – 2011 Final Year Real Estate Market Statistics For Franklin Massachusetts

In Franklin MA for the period of January to December of 2011 there were 226 properties sold.

In Franklin MA for the period of January to December of 2010 there were 206 properties sold.

In Franklin MA for the period of January to December 2009 there were 265 properties sold.

In Franklin MA for the period of January to December in 2011 the average list price was $399,525 the average sale price was $388,314 the average market time was 110 days.

In Franklin MA for the period of January to December in 2010 the average list price was $411,088 the average sale price was $399,925 and the average market time was 102 days.

In Franklin MA for the period of January to December in 2009 the average list price was $430,460 the average sale price was $418,455 and the average time on the market was 113 days.

Current Franklin MA Inventory Levels

The are currently 70 homes on the market in Franklin MA. The average list price of these homes is $447,087. The average days on the market is 308. Home inventory is down to the lowest level it has been in a very long time!

Franklin MA Real Estate Market Analysis

In 2011 the Franklin Real Estate market had a increase in the amount of homes sold as compared to 2010. Homes priced properly generally moved on average in a 3-4 month time period. There was still a downward trend in Real Estate values through out the year but the weakness occurred mostly in the upper end of the market (over 500k). The average days on market was substantially similar to the previous two years. The lower end of the market (under 400k) remained strong with values holding firmer than in the upper ends of the Franklin market. Over all the Franklin MA Real Estate market has been fairly consistent over the last three years with a slight trend downward for values.

Current home inventory levels have come down by a substantial amount as we head into 2013. Inventory had been hovering between 85 to 100 homes but has continued to drop. It is not all that uncommon for home inventory levels to drop in the Winter season as less people will put their homes up for sale. With the strength of the market continuing, inventory his continued to drop over the last few months.

Lower inventory is always a good sign for those considering to sell their home as supply and demand is always a factor with Real Estate values. The averaged days on the market is noticeably higher in Franklin than some of the other area towns but this is a statistical glitch due to a significant amount of properties that are “to be built.” The month of December was pretty darn good for closed sales with 22.

For 2012 there were 243 homes that sold. In 2011 there were 227 sales. 2012 showed about and 8% increase in sales There are some local towns that show much larger sales gains which is surprising as Franklin is a very popular community for home buyers. In some of the other area towns the increase in sales is between 10-20%.

The above Franklin Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

Click the link to see Franklin MA homes for sale.

Enjoy This Real Estate Article?
"Subscribe To My Blog - It's FREE and No Spam EVER!"
Get my blog articles in your inbox as soon as they are published!
About Bill Gassett

Bill Gassett is a nationally recognized Real Estate leader who has been helping people move in and out of the Metrowest Massachusetts area for the past twenty seven plus years. He has been one of the top RE/MAX Realtors in New England for the past decade. In 2013 he was the #1 RE/MAX agent in Massachusetts. Connect with him on

Speak Your Mind

*

Massachusetts Real Estate exposure is a marketing site designed to give Massachusetts home seller’s a dominant online presence. Massachusetts Real Estate Exposure is owned and operated by RE/MAX Realtor Bill Gassett, who covers the Metrowest Massachusetts area and beyond including Ashland, Bellingham, Blackstone, Framingham, Franklin, Grafton, Holliston, Hopkinton, Hopedale, Medway, Mendon, Milford, Millbury, Millville, Northborough, Northbridge, Shrewsbury, Southborough, Sutton, Wayland, Westborough, Worcester, Upton and Uxbridge MA. Bill Gassett was the #1 RE/MAX Realtor in all of Massachusetts in 2013.