$899K  
In this week's report, the number of homes sold in the Franklin market sank to seven over the past 30 days, a decrease of 36.4% from last week's report, but still above the monthly average. On the other hand, close-by Chesapeake registered 373 homes sold in the same time frame, the most of all surrounding cities. The median sales price rose to $170,000 over the latest reporting period for Franklin, up from $157,900. With decreasing sales and the availability of 12 months of inventory, Franklin is a solid buyer's market.
Comments:

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%. Keep in mind, 45.0% of the homes in Franklin are owned, while 45.5% are rented. The top school in the city is Moyock Elementary School.
Comments:

$259K  
The Franklin market saw eight homes go under contract, and failed to break out of a confirmed downward trend. The market had total home sales of 10 over the last 30 days, maintaining last week's pace. The median sales price remained unchanged over the latest reporting period for Franklin, coming in at $152,950. A downturn in contracts, coupled with the availability of nine months of inventory, prove that Franklin is a strong buyer's market.
Comments:

$899K  
The number of homes coming into the Franklin market fell to eight listings over the last 30 days, while sales remained right where they were as once again nine homes were sold over the same period. Pricing in Franklin remains consistent from last week to this week, with the median sales price at $148,000 again. Along with flat sales, a relatively high 10 months of inventory indicates that Franklin is a strong buyer's market.
Comments:

$199K  
In this week's report, the number of homes sold in the Franklin market dropped to nine over the past 30 days, a decrease of 10.0% from last week's report, but still above the monthly average. Within the same time frame, Chesapeake had 385 sales, the most of all cities in the area. The median sales price dropped to $148,000, down from last week's $157,400. Franklin is a definite buyer's market, thanks to a big 10 months of inventory to choose from and a pullback in sales.
Comments:

$899K  
On top of a 28.6% jump in sales over the last 30 days, the Franklin market extended a six-week hot streak with a total of nine homes sold in that span. Pricing in Franklin remains consistent from last week to this week, with the median sales price at $154,900 again. Even with the rising sales, with 10 months of inventory available, Franklin is a still definite buyer's market.
Comments:

$899K  
The Franklin market pulled back with a 12.5% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (5.8) with seven homes sold. On the other hand, close-by Chesapeake registered 408 homes sold in the same time frame, the most of all surrounding cities. Prices are falling in Franklin, and this period the median price of all sales fell from $164,450 to $154,900. With decreasing sales and the availability of 13 months of inventory, Franklin is a definite buyer's market.
Comments:

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. Franklin is made up of homes that are considered relatively old with a median of 38 years. Heading the list of top schools in the city is Moyock Elementary School.
Comments:

$183K  
The number of sellers reducing prices in the Franklin market trended up to seven over the last 30 days, extending a three-week streak. During the same period, six sales were completed. Pricing in Franklin remains consistent from last week to this week, with the median sales price at $161,950 again. Along with the slip in sales, a relatively high 16 months of inventory indicates that Franklin is a definite buyer's market.
Comments:

$514K  
The Franklin market has established a new upward trend, even as sales remained the same this week at eight homes 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. The median sales price jumped to $161,950 over the latest reporting period for Franklin, up from $66,000. Franklin is a strong buyer's market, due to a big 12 months of inventory left and aided by the flat sales.
Comments:
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