Franklin Real Estate Market Continues Weakness in Price Cuts

On top of a determined downward trend in sellers reducing price, including nine markdowns over the last 30 days, sales in the Franklin market fell to 10 over the same stretch of time. While price reduction numbers dropped, sale prices were able to climb. This week's reported median sales price of $150,000 continued a four-week upswing. Along with the slip in sales, a relatively high eight months of inventory indicates that Franklin is a definite buyer's market.

If you are interested in an upscale house in Franklin, make sure you see some of these great listings:

$999K   $499K   $425K  

Get started right now by checking out Franklin homes for sale or reviewing Franklin real estate trends.

Demographic facts about Franklin:

  • The average elevation in this area is 38 feet.
  • The median income per household is $40,674 in the area.
  • For every counselor there are 232 students in this area. (513 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Nuvia Rivera & Associates
Snapped 1 home in this area
Hal Ward
Snapped 1 home in this area
Coldwell Banker Professional
Snapped 1 home in this area

©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.