Franklin MA Real Estate Market Report January 2013

Franklin Massachusetts Real Estate Report January 2013

Franklin MA Real Estate

 

 

 

 

 

Franklin MA Real Estate Activity For January 2013 vs January 2012

In January of 2013 there were 17 homes that closed within the month for Franklin MA. This is an increase of 5 units, as there were 12 homes that closed in January of 2012.

The average list price for the homes that closed in January of 2012 was $324,400

The average list price for the homes that closed in January of 2013 was $451,471

The average sale price for the homes that closed in January of 2012 was $310,458

The average sale price for the homes that closed in January of 2013 was $440,700

The average market time for the homes that closed in January of 2012 was 108 days.

The average market time for the homes that closed in January of 2013 was 117 days.

Homes Under Contract For January 2013

8 homes went under agreement in the month of January. The average list price of the homes that went under agreement was $436,325. The average time on the market for these homes were 127 days. January was a decent month for homes going under contract in the Franklin Real Estate market.

January 2010 – 2012 Final Year Real Estate Market Statistics For Franklin Massachusetts

In Franklin MA for the period of January to December of 2012 there were 243 properties sold.

In Franklin MA for the period of January to December of 2011 there were 227 properties sold.

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

In Franklin MA for the period of January to December in 2012 the average list price was $405,929 the average sale price was $395,470 the average market time was 117 days.

In Franklin MA for the period of January to December in 2011 the average list price was $399,425 the average sale price was $388,314 and 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 time on the market was 102 days.

Current Franklin MA Inventory Levels

The are currently 69 homes on the market in Franklin MA. The average list price of these homes is $455,317. The average days on the market is 309. Home inventory is down to the lowest level it has been in a very long time!

Franklin MA Real Estate Market Analysis

In 2012 the Franklin Real Estate market had a increase in the amount of homes sold as compared to 2011. The increase was a little over 10 percent which is in line with a number other local area towns. 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 earlier part of 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 especially over the latter half of the year as inventory levels dropped.

Current home inventory levels have come down by a substantial amount over the latter half of 2012. As we head into 2013 inventory is at the lowest levels I can remember in a very long time. Inventory had been hovering between 85 to 100 homes but has continued to drop steadily over the last few months. 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.

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.” Franklin has far more new construction than some of the other towns in the area which has a dramatic effect on the days on market statistics.  The month of January was great for closed sales with 17.

For 2012 there were 243 homes that sold. In 2011 there were 227 sales. 2012 showed about and 9% 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.

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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

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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.