Franklin Massachusetts Real Estate Report January 2015
Do you want to see what has gone on in the Franklin Real Estate market for the month of January along with year over year comparisons? Take a look at our detailed reporting of the Franklin MA market. While you are here make sure you have a look at the Real estate agents guide to Franklin Mass, where you will find out why the town is a popular choice for home buyers including information on town history, schools, demographics and more.
Franklin MA Real Estate Activity For January 2015 vs January 2014
In January of 2015 there were 13 homes that closed within the month for Franklin MA Real Estate. This an increase of 8 units, as there were 5 homes that closed in January of 2014.
The average list price for the homes that closed in January of 2014 was $447,560
The average list price for the homes that closed in January of 2015 was $417,923
The average sale price for the homes that closed in January of 2014 was $436,880
The average sale price for the homes that closed in January of 2015 was $411,423
The average market time for the homes that closed in January of 2014 was 35 days.
The average market time for the homes that closed in January of 2015 was 81 days.
Homes Under Contract For January 2015
10 homes went under agreement in the month of January. The average list price of the homes that went under agreement was $356,619. The average time on the market for these homes were 129 days. January was fair for homes going under contract. A lower transaction count is not all that unusual for the Franklin Real Estate market given the time of year.
January 2012 – 2014 Final Year Real Estate Market Statistics For Franklin Massachusetts
For the period of January to December of 2014 there were 254 properties sold.
For the period of January to December of 2013 there were 271 properties sold.
For the period of January to December of 2012 there were 243 properties sold.
For the period of January to December in 2014 the average list price was $437,012 the average sale price was $429,966 the average market time was 77 days.
For the period of January to December in 2013 the average list price was $398,877 the average sale price was $392,759 the average market time was 87 days.
For the period of January to December in 2012 the average list price was $405,929 the average sale price was $395,470 and the average market time was 117 days.
Current January Homes For Sale Inventory Levels
The are currently 58 homes on the market in Franklin MA. The average list price of these homes is $549,208. Inventory jumped quite a bit from last month when there were 44 homes for sale. Franklin’s inventory has been jumping around for the last few months.
The average days on the market is 252 which is really deceiving due to the fact there is much “to be built” new construction. Homes are actually selling very quickly if priced properly. The amount of homes for sale decreased by sixteen homes from last month.
Franklin MA Real Estate Market Analysis
Current Franklin Real Estate Analysis
Inventory over the last few months has been bouncing around quite a bit. One month it drops by quite a bit and the next month it is up again. The overall trend however has been less homes for sale as a number of sellers have taken their homes off the market for the winter. Many of these sellers will put their homes back on the market and try again in the spring.
January was a decent month for closed sales with 13. Considering the fact that January is typically a slower month for sales this wasn’t bad at all. The amount of homes going under contract was also decent with 10.
While showing activity has clearly slowed as it does during this winter stretch, the market is poised to be a good one for sellers come spring time with inventory being so ridiculously low. Sellers should be in prime position in just a couple of months.
Franklin remains a very popular place to live and is a destination town that a number of buyers will circle as a place to check out.
As mentioned previously, the average 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.
Sales statistics this year vs last
Franklin ended 2014 with 254 sales which is down from 2013 when there were 271.
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 Mass homes for sale.
Looking for a Franklin MA Realtor? I know where you can find a good one:)