Franklin Massachusetts Real Estate Report October 2015
Do you want to see what has gone on in the Franklin Real Estate market for the month of October, 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 my 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 October 2015 vs October 2014
In October of 2015 there were 19 homes that closed within the month for Franklin MA Real Estate. This an decrease of 1 unit, as there were 20 homes that closed in October of 2014.
The average list price for the homes that closed in October of 2014 was $445,570
The average list price for the homes that closed in October of 2015 was $470,000
The average sale price for the homes that closed in October of 2014 was $431,092
The average sale price for the homes that closed in October of 2015 was $460,363
The average market time for the homes that closed in October of 2014 was 38 days.
The average market time for the homes that closed in October of 2015 was 26 days.
Homes Under Contract For October 2015
14 homes went under agreement in the month of October. The average list price of the homes that went under agreement was $472,007. The average time on the market for these homes were 33 days. October was a decent month for homes going under contract.
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 October Homes For Sale Inventory Levels
The are currently 82 homes on the market in Franklin MA. The average list price of these homes is $546462. Inventory increased this month by only one home.
The average days on the market is 170 which is deceiving due to the fact there is “to be built” new construction that is artificially inflated the days. Homes are actually selling very quickly if priced properly.
Franklin MA Real Estate Market Analysis
Current Franklin Real Estate Analysis
Up until September inventory of homes for sale had remained fairly consistent over the last few months. There was a decent jump last month with an infusion of new properties. October however was practically unchanged with only one home being added to the inventory. Inventory probably will not change by a substantial amount either way from now until the end of the year.
Franklin had a decent month for sales. October had 19 transactions which was down by one sale compared to last year. Homes going under contract were fair with 14.
The market should remain fairly consistent over the next few months. Sales should be solid but not spectacular.
Franklin remains one of the more popular places to live and is a destination town that a number of buyers will circle as a place to check out.
Year to date there have been 231 sales. At this same point in time last year there were 222 sales. Through October sales are up a little bit over last year.
2014 Sales statistics vs 2013
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 Massachusetts homes for sale.
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See what took place in the Franklin real estate market last month in the link above.