Franklin MA Real Estate Market Report August 2012

Franklin Massachusetts Real Estate Report August 2012

Franklin MA Real Estate

 

 

 

 

 

Franklin MA Real Estate Activity For August 2012 vs August 2011

In August of 2012 there were 36 homes that closed within the month for Franklin. This is an increase of 11 units, as there were 25 homes that closed in August of 2011.

The Average list price for the homes that closed in Franklin for August of 2011 was $449,068

The Average list price for the homes that closed in Franklin for August of 2012 was $418,425

The Average sale price for the homes that closed in Franklin for August of 2011 was $435,906

The Average sale price for the homes that closed in Franklin for August of 2012 was $414,351

The Average Market time for the homes that closed in Franklin for August of 2011 was 95 days.

The Average Market time for the homes that closed in Franklin for August of 2012 was 85 days.

Franklin MA Homes Under Contract For August 2012

15 homes went under agreement in Franklin Massachusetts in the month of August. The average list price of the homes that went under agreement was $328,300. The average time on the market for these Franklin homes were 58 days. August was a 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 100 homes on the market in Franklin MA. The average list price of these homes is $444,155. The average days on the market is 213. Home inventory has continued to hover at around 100 homes for sale.

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 in Franklin are moderately low as we head out of the Summer season. Inventory remained very consistent throughout the Summer selling season with homes entering the market matching homes that closed. It is common that home inventory levels remain somewhat consistent through the Summer months as less homes enter the market. 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 higher than some of the area towns but this is a statistical glitch because of a significant amount of properties that are “to be built.”  The month of August was exceptional for closed sales in Franklin.

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.

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