$125K  
The Franklin City market broke below its 12-month average sales volume this week as sales dropped 14.3% to hit six homes sold over the last 30 days. Within the same time period, Chesapeake City had 210 sales, the most of all counties in the area. The median sales price continued to fall, hitting a three-month low at $62,000. Franklin City is a solid buyer's market, with a big 10 months of inventory to choose from coupled with falling prices.
Comments:

$207K  
The Franklin City market looked solid in this week's report, as the number of home sales climbed 16.7%, pushing the total to seven homes sold over the last 30 days. Within the same time period, Chesapeake City had 250 sales, the most of all counties in the area. Prices are falling in Franklin City, and this period the median price of all sales fell from $174,750 to $72,000. Even after the uptick in sales, an elevated 11 months of inventory tells us that Franklin City is still a strong buyer's market.
Comments:

$999K  
The number of sellers reducing prices in the Franklin City market trended up to 14 over the last 30 days, extending a three-week streak. During the same period, six sales were completed. Prices are falling in Franklin City, and this period the median price of all sales fell from $182,000 to $174,750. Franklin City is a solid buyer's market, thanks to a big 13 months of inventory to choose from and a pullback in sales.
Comments:

$999K  
The Franklin City market showed gains in this week's report, as the number of home sales shot up 40.0%, pushing the total to seven homes sold over the last 30 days. At the same time, Chesapeake City reported 264 home sales, the highest number from all the surrounding counties. The median sales price has been increasing as it hit $182,000, extending an eight-week long spike. Franklin City is still a strong buyer's market, in spite of the rise in prices, thanks to the availability of 12 months of remaining inventory.
Comments:

$207K  
Franklin City has a cost of living adjustment score of 99.9, which is average when compared to others in Virginia. Also, the area is considered less affluent than average with a median income of $40,767 per household. Franklin City is made up of homes that are relatively old with a median of 38 years. Topping the list of best schools in the county is Franklin High School.
Comments:

$999K  
The Franklin City 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. As the strong sales numbers suggest, months of inventory is on a four-week downward trend, this week hitting 16 months. With decreasing sales and the availability of so much inventory, Franklin City is a definite buyer's market.
Comments:

$174K  
The Franklin City market looked very active in this week's report, as the number of home sales rocketed 33.3%, pushing the total to 12 homes sold over the last 30 days. To put it in perspective, close-by Chesapeake City registered 273 home sales in the same period, the most of all surrounding counties. Potential buyers should note that prices went up in Franklin City, with the median for this period rising from $164,000 to $164,500. Despite the uptick in sales, there are still seven months of inventory left to work through, meaning Franklin City is still a strong buyer's market.
Comments:

$109K  
In this week's report, the number of homes sold in the Franklin City market slid to nine over the past 30 days, a decrease of 10.0% from last week's report, but still above the monthly average. On the other hand, close-by Chesapeake City registered 295 home sales in the same period, the most of all surrounding counties. Potential buyers should note that prices went up in Franklin City, with the median for this period rising from $150,000 to $164,000. Franklin City is a solid buyer's market, thanks to a big nine months of inventory to choose from and a pullback in sales.
Comments:

$999K  
Sales in the Franklin City market fell to 10 homes sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with nine price reductions in the same time frame. 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. Franklin City is a solid buyer's market, thanks to a big eight months of inventory to choose from and a pullback in sales.
Comments:

$999K  
The number of home sales in the Franklin City market jumped 80.0% to nine homes over the last 30 days, exceeding the 6.0 monthly average for the last 12 months. To put it in perspective, close-by Chesapeake City registered 302 home sales in the same period, the most of all surrounding counties. Prices are rising in Franklin City, and the median sales price this period increased from $130,500 to $150,000. Franklin City is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of nine months of remaining inventory.
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