Franklin Massachusetts Real Estate Report November 2012
Franklin MA Real Estate Activity For November 2012 vs November 2011
In November of 2012 there were 14 homes that closed within the month for Franklin. This is an increase of 3 units, as there were 11 homes that closed in November of 2011.
The Average list price for the homes that closed in Franklin for November of 2011 was $407,673
The Average list price for the homes that closed in Franklin for November of 2012 was $369,571
The Average sale price for the homes that closed in Franklin for November of 2011 was $391,423
The Average sale price for the homes that closed in Franklin for November of 2012 was $363,107
The Average Market time for the homes that closed in Franklin for November of 2011 was 105 days.
The Average Market time for the homes that closed in Franklin for November of 2012 was 190 days.
Franklin MA Homes Under Contract For November 2012
12 homes went under agreement in the month of November. The average list price of the homes that went under agreement was $449,408. The average time on the market for these homes were 170 days. November was an 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 87 homes on the market in Franklin MA. The average list price of these homes is $436,611. The average days on the market is 248. Home inventory had been hovering at around 100 homes for sale but has come down quite a bit in the last 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 have come down by a large amount as we are in the middle of the Winter selling season. Inventory remained fairly consistent throughout the Fall selling season with homes entering the market only slightly ahead of homes that closed. It is common that home inventory levels remain somewhat consistent through the Fall months as less homes enter the market. This has changed dramatically though with home inventory dropping by a healthy margin over the last month. There are also less homes entering the market at this time of the year.
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 November was decentt for closed sales with 14.
Year to date there have been 220 homes that have closed. In 2011 at this same point in time there were 204 sales. 2012 so far has only been slightly better than last year. 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 tons 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.Franklin MA Real Estate Market Report November 2012 by Bill Gassett