Franconia Real Estate Market Gets Price Cuts Bottom

A seven-week downward trend in the number of homes sold was extended this week after the Franconia market had 49 transactions over the last 30 days. With 55 price reductions, the lowest amount since April, the market may be getting more expensive. In comparison, Alexandria led all other nearby municipalities with 190 price reductions. While the number of price reductions found a new low point, months of inventory is on an eight-week upswing, this week hitting two months. The rise in sales and low inventory point to Franconia being a solid seller's market.

Make sure you take a look at these eye-catching homes in Franconia that generated the most views from potential buyers:

$499K   $575K   $533K  

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

Demographic facts for Franconia:

  • The average age of the population is 36 years old.
  • The health cost index score in this area is 100.2. (100 = national average)
  • People in this area have a commute time breakdown of: <15 min (11.7%), 15-29 min (28.0%), 30-44 min (29.3%), 45-59 min (18.8%), >60 min (12.3%).

Data reported through 10/12/2016

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