$207K  
Franklin is a city in Virginia. It's less affluent than average and the cost of living is average compared to the rest of the state, with a median income of $40,674 per household and cost of living adjustment score of 99.9. Franklin is made up of homes that are considered relatively old with a median of 38 years. The top school in the city is Moyock Elementary School.
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$309K  
The Franklin market broke below its 12-month average sales volume this week as sales dropped 28.6% to hit five homes sold over the last 30 days. Meanwhile, close-by Chesapeake reported 198 homes sales, the highest number from all the surrounding cities. The median sales price dropped to $52,000 over the latest reporting period for Franklin, down from $72,000. Franklin is a definite buyer's market, thanks to a big 12 months of inventory to choose from and a pullback in sales.
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$125K  
The Franklin market broke below its 12-month average sales volume this week as sales fell 14.3% to hit six homes sold over the last 30 days. Within the same time frame, Chesapeake had 210 sales, the most of all cities in the area. Prices took a turn lower, with the median sales price falling to a three-month low at $62,000. Franklin is a definite buyer's market, due to falling prices and a large 10 months of inventory left.
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$999K  
The number of home sales in the Franklin market climbed 16.7% to seven homes over the last 30 days, exceeding the 6.2 monthly average for the last 12 months. In comparison, nearby Chesapeake had 250 sales in the same time frame, the most of all neighboring cities. The median sales price tumbled to $72,000 over the latest reporting period for Franklin, down from $174,750. Despite the uptick in sales, there are still 11 months of inventory left to work through, meaning Franklin is still a solid buyer's market.
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$999K  
This week in the Franklin market, sales fell to six homes sold over the last 30 days, even as it endures a recent upward trend in price reductions, with 14 reported in the same time frame. Prices are falling in Franklin, and this period the median price of all sales fell from $182,000 to $174,750. With decreasing sales and the availability of 13 months of inventory, Franklin is a definite buyer's market.
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$999K  
Over the last 30 days, the Franklin market showed strong improvement with seven homes sold. It marks a 40.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. To put it in perspective, close-by Chesapeake registered 264 homes sold in the same time frame, the most of all surrounding cities. The median sales price has been increasing as it hit $182,000, extending an eight-week long spike. Franklin is still a solid buyer's market, in spite of the rise in prices, thanks to the availability of 12 months of remaining inventory.
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$207K  
Franklin is a larger than average city in Virginia with 8,582 residents. Its population is also growing faster than others at a 10-year growth rate of 1.9%. Keep in mind, 45.0% of the homes in Franklin are owned, while 45.5% are rented. Topping the list of best schools in the city is Moyock Elementary School.
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$999K  
The Franklin market saw sales reduction 58.3% this week but it is currently in the midst of a confirmed upward sales trend, including five homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. A months of inventory number of 16 reported this week continued a four-week downward trend, likely due to the strong sales numbers in the area. Franklin is a strong buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
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$174K  
The Franklin market made solid gains this week as sales spiked 33.3% to hit 12 homes sold over the last 30 days. Within the same time frame, Chesapeake had 273 sales, the most of all cities in the area. Prices are rising in Franklin, and the median sales price this period increased from $164,000 to $164,500. Despite the uptick in sales, there are still seven months of inventory left to work through, meaning Franklin is still a strong buyer's market.
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$999K  
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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