$109K  
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 relatively old with a median of 38 years. The best school in the city is Moyock Elementary School.
Comments:

$309K  
With five homes sold in the Franklin market over the last 30 days, we see no change from last week's numbers. However, nine new listings came into the market. The median sales price in Franklin stayed put this week at $130,500. Franklin is a strong buyer's market, due to a big 16 months of inventory left and aided by the flat sales.
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$169K  
The Franklin market saw sales remain steady this week at three homes sold over the last 30 days, while it undergoes an emerging downward trend in price reductions, with five in the same time frame. Pricing in Franklin remains consistent from last week to this week, with the median sales price at $120,000 again. With no movement in sales and the availability of 28 months of inventory, Franklin is a definite buyer's market.
Comments:

$109K  
There were three homes sold in the Franklin market over the last 30 days, continuing a three-week downturn. During the same period, the number of price reductions fell to their lowest level since March at four. In comparison, Chesapeake led all other nearby municipalities with 444 price reductions. Potential buyers should note that prices are coming down in Franklin, and for this period the median sales price slid from $125,250 to $120,000. Franklin is still a definite buyer's market, due to the availability of 28 months of remaining inventory, even after the uptick in sales.
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$109K  
The Franklin market reported another 30-day period of zero home sales this week. Franklin usually averages 6.2 sales per month.
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$109K  
The Franklin market reported zero sales over the last 30 days, appearing to hit bottom after trending lower for one week.
Comments:

$109K  
Franklin is a larger than average city in Virginia with 8,582 residents. Its population is growing faster than the rest of the state, at a 10-year growth rate of 1.9%. Franklin has an home ownership ratio of 45.0% and a renting ratio of 45.5%. Topping the list of best schools in the city is Moyock Elementary School.
Comments:

$109K  
The Franklin market saw sales remain consistent with two homes sold over the last 30 days and is also under an identifiable downward trend in the number of contracts closing, with this week's number falling to five. Pricing in Franklin remains consistent from last week to this week, with the median sales price at $104,500 again. Franklin is a definite buyer's market with 41 months of inventory to choose from, aided by the downturn in contracts.
Comments:

$309K  
Over the last 30 days, an identifiable downward trend of new sellers coming into the Franklin market continued, with five listings in this week's report. Meanwhile, sales fell, with two homes selling during the same period. The median sales price dropped to $104,500 over the latest reporting period for Franklin, down from $112,750. With decreasing sales and the availability of 37 months of inventory, Franklin is a solid buyer's market.
Comments:

$499K  
The Franklin market has established a recent upward trend, even as sales fell 25.0% this week to six homes over the last 30 days. While sales numbers rose, prices dropped. This week's reported median sales price of $112,750 continued a four-week downward trend. Franklin is a definite buyer's market, with a big 12 months of inventory to choose from coupled with falling prices.
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Hal Ward
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Nuvia Rivera & Associates
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Coldwell Banker Professional Realtors
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