Franklin MA Real Estate Market Report September 2012

Franklin Massachusetts Real Estate Report September 2012

Franklin MA Real Estate

 

 

 

 

 

Franklin MA Real Estate Activity For September 2012 vs September 2011

In September of 2012 there were 13 homes that closed within the month for Franklin. This is a decrease of 5 units, as there were 18 homes that closed in September of 2011.

The Average list price for the homes that closed in Franklin for September of 2011 was $400,679

The Average list price for the homes that closed in Franklin for September of 2012 was $378,308

The Average sale price for the homes that closed in Franklin for September of 2011 was $388,694

The Average sale price for the homes that closed in Franklin for September of 2012 was $365,777

The Average Market time for the homes that closed in Franklin for September of 2011 was 70 days.

The Average Market time for the homes that closed in Franklin for September of 2012 was 179 days.

Franklin MA Homes Under Contract For September 2012

11 homes went under agreement in Franklin Massachusetts in the month of September. The average list price of the homes that went under agreement was $400,182. The average time on the market for these homes were 85 days. September was a decent 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 12 homes on the market in Franklin MA. The average list price of these homes is $441,680. The average days on the market is 19. Home inventory had been hovering at around 100 homes for sale but increased 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 somewhat as we headed out of the Summer season and into the Fall market. Inventory remained fairly consistent throughout the Summer 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 Summer 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 September was lagging for closed sales in Franklin.

Year to date there have been 179 homes that have closed. In 2011 at this same point in time there were 174 sales. 2012 so far has been slightly better than last year. There are some local towns that show much healthier gains which is surprising.

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.

Enjoy This Real Estate Article?
"Subscribe To My Blog - It's FREE and No Spam EVER!"
Get my blog articles in your inbox as soon as they are published!

Leave a Reply

Your email address will not be published. Required fields are marked *