Franklin MA Real Estate Market Report May 2012

Franklin Massachusetts Real Estate Market Overview May 2012

Franklin MA Real Estate

 

 

 

 

 

Franklin MA Real Estate Activity For May 2012 vs May 2011

In May of 2012 there were 22 homes that closed within the month for Franklin MA. This is a decrease of 8 units, as there were 30 homes that closed in May of 2011.

The Average list price for the homes that closed in Franklin for May of 2011 was $395,247

The Average list price for the homes that closed in Franklin for May of 2012 was $383,536

The Average sale price for the homes that closed in Franklin for May of 2011 was $385,757

The Average sale price for the homes that closed in Franklin for May of 2012 was $376,798

The Average Market time for the homes that closed in Franklin for May of 2011 was 116 days.

The Average Market time for the homes that closed in Franklin for May of 2012 was 120 days.

Franklin MA Homes Under Contract For May 2012

30 homes went under agreement in Franklin Massachusetts in the month of May. The average list price of the homes that went under agreement was $472,140. The average time on the market for these Franklin homes were 166 days.  May was an outstanding 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 108 homes on the market in Franklin MA. The average list price of the Franklin homes is $446,678. The average days on the market is 181. Home inventory dropped slightly from the previous month.

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 are coming towards the end of the Spring market. Inventory has remained consistent throughout the Spring selling season. Increasing home inventory is generally what happens at this time of year as Spring is recognized as the best time of year to sell a home. Low 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. It should be noted that the average days on market for the current Franklin inventory is so high because of quite a few new homes that are “to be built” and have not been constructed yet. The month of May was a strong one 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.

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