Sales Fall in Franklin Real Estate Market

In this week's report, the number of homes sold in the Franklin market fell to nine over the past 30 days, a decrease of 10.0% from last week's report, but still above the monthly average. In comparison, nearby Chesapeake had 295 sales in the same time frame, the most of all neighboring cities. The median sales price rose to $164,000, up from last week's $150,000. Franklin is a definite buyer's market, thanks to a big nine months of inventory to choose from and a pullback in sales.

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Demographic facts for Franklin:

  • The area's number of physicians is 349.6 per 100,000 people.
  • This area has a health cost index score of 98.6. (100 = national average)
  • 77.1% of the residents travel to work in an automobile, 14.7% via carpool, and 1.5% by way of public transit.

Data reported through 10/19/2016

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

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