$204K  
Franklin is a larger than average city in Virginia with 8,582 residents. Also, it has seen a 1.9% increase in population over the last 10 years. It should be noted that 45.0% of the homes in Franklin are owned, while 45.5% are rentals. Heading the list of top schools in the city is Moyock Elementary School.
Comments:

$259K  
With seven homes sold in the Franklin market over the last 30 days, we see no change from last week's numbers. However, 16 new listings came into the market. The median sales price in Franklin stayed put this week at $84,900. Franklin is a strong buyer's market, thanks to a big 11 months of inventory to choose from and the flat sales.
Comments:

$949K  
The Franklin market has established an emerging upward trend, even as sales fell 14.3% this week to six homes over the last 30 days. Prices are falling in Franklin, and this period the median price of all sales fell from $81,795 to $69,850. Along with the slip in sales, a relatively high 12 months of inventory indicates that Franklin is a definite buyer's market.
Comments:

$949K  
December was the last time there were so many price reductions in the Franklin market, with nine reported over the last 30 days. The market also had six homes change hands. In comparison, Chesapeake had 331 price reductions in the same time frame, the most of all nearby municipalities. Prices are rising in Franklin, and the median sales price this period increased from $49,897 to $92,647. Franklin is a definite buyer's market, thanks to the rise in price reductions and the availability of 12 months of remaining inventory.
Comments:

$225K  
There were four home sales in the Franklin market over the last 30 days. To put it in perspective, close-by Chesapeake registered 236 homes sold in the same time frame, the most of all surrounding cities. The median sales price remained unchanged over the latest reporting period for Franklin, coming in at $49,897. Despite the uptick in sales, there are still 18 months of inventory left to work through, meaning Franklin is still a definite buyer's market.
Comments:

$225K  
The Franklin market saw sales remain flat this week with two homes sold over the last 30 days, while new listings rose to 11. Pricing in Franklin remains consistent from last week to this week, with the median sales price at $49,897 again. Along with flat sales, a relatively high 35 months of inventory indicates that Franklin is a definite buyer's market.
Comments:

$209K  
Franklin 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 $40,674 per household. With a median age of 38 years, homes in Franklin tend to be relatively old. The top school in the city is Moyock Elementary School.
Comments:

$225K  
Over the last 30 days, the Franklin market picked up with two homes sold. To put it in perspective, close-by Chesapeake registered 211 homes sold in the same time frame, the most of all surrounding cities. Even after the uptick in sales, an elevated 36 months of inventory tells us that Franklin is still a solid buyer's market.
Comments:

$999K  
The Franklin market continues a one-week downward trend in sales. Sellers weren't able to find buyers for their properties, resulting in no sales over the last 30 days. All indications show that the trend should continue, meaning less pending transactions over the next few weeks.
Comments:

$309K  
The Franklin market remained cool this week as sales dropped 50.0% to land at one home sold over the last 30 days. In comparison, nearby Chesapeake had 189 sales in the same time frame, the most of all neighboring cities. Months of inventory hit 70 this period, extending an upward trend to eight weeks. Franklin is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.
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