Franklin MA Real Estate Market Report October 2012

Franklin Massachusetts Real Estate Report October 2012

Franklin MA Real Estate

 

 

 

 

 

Franklin MA Real Estate Activity For October 2012 vs October 2011

In October of 2012 there were 25 homes that closed within the month for Franklin. This is an increase of 6 units, as there were 19 homes that closed in October of 2011.

The Average list price for the homes that closed in Franklin for October of 2011 was $343,416

The Average list price for the homes that closed in Franklin for October of 2012 was $385,357

The Average sale price for the homes that closed in Franklin for October of 2011 was $331,702

The Average sale price for the homes that closed in Franklin for October of 2012 was $3367,908

The Average Market time for the homes that closed in Franklin for October of 2011 was 106 days.

The Average Market time for the homes that closed in Franklin for October of 2012 was 99 days.

Franklin MA Homes Under Contract For October 2012

20 homes went under agreement in Franklin Massachusetts in the month of October. The average list price of the homes that went under agreement was $375,010. The average time on the market for these homes were 55 days. October 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 107 homes on the market in Franklin MA. The average list price of these homes is $440,920. The average days on the market is 210. Home inventory had been hovering at around 100 homes for sale but increased slightly this past 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 have increased by a slight margin as we headed out of the Fall season and into the Winter market. 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.

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 October was exceptional for closed sales with 25!

Year to date there have been 204 homes that have closed. In 2011 at this same point in time there were 193 sales. 2012 so far has been slightly better than last year. There are some local towns that show much healthier gains which is surprising as Franklin is a very popular destination for home buyers.

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.