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.
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