$499K  
The Franklin market pulled back with an 11.1% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (5.6) with eight homes sold. On the other hand, close-by Chesapeake registered 380 homes sold in the same time frame, the most of all surrounding cities. The median sales price tumbled to $66,000 over the latest reporting period for Franklin, down from $123,500. Franklin is a strong buyer's market, due to a big 12 months of inventory left and aided by the dip in sales.
Comments:

$400K  
With seven homes sold in the Franklin market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with 16 new listings for buyers to choose from. The median sales price in Franklin stayed put this week at $123,500. With no movement in sales and the availability of 13 months of inventory, Franklin is a strong buyer's market.
Comments:

$269K  
With an identifiable upward trend of new sellers listing homes, including 17 over the last 30 days, and sales that have risen to seven in that same time frame, the Franklin market will be getting more crowded. The median sales price climbed to $123,500 over the latest reporting period for Franklin, up from $107,750. Franklin is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of 13 months of remaining inventory.
Comments:

With 8,582 residents, Franklin is a larger than average city in Virginia. Also, with a 1.9% increase over the last 10 years, its population is growing faster than other parts of the state. Keep in mind, 45.0% of the homes in Franklin are owned, while 45.5% are rented. Heading the list of top schools in the city is Moyock Elementary School.
Comments:

$159K  
The Franklin market saw sales remain steady this week at five homes sold over the last 30 days, while it undergoes a solid downward trend in price reductions, with five in the same time frame. The median sales price of all transactions in Franklin did not budge this week, remaining at $123,500. With no movement in sales and the availability of 18 months of inventory, Franklin is a definite buyer's market.
Comments:

$159K  
The Franklin market improved this week with four homes sold over the last 30 days. To put it in perspective, close-by Chesapeake registered 358 homes sold in the same time frame, the most of all surrounding cities. The median sales price climbed to $160,500 over the latest reporting period for Franklin, up from $147,000. Franklin is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of 24 months of remaining inventory.
Comments:

$125K  
Fewer sellers put their homes up for sale in the Franklin market over the last 30 days and the number of new listings fell this week to 17. Home sales remained unchanged from the prior period and once again three homes were sold. The median sales price rose dramatically to $147,000, up from last week's $32,000. With no movement in sales and the availability of 30 months of inventory, Franklin is a solid buyer's market.
Comments:

$109K  
This week in the Franklin market, sales fell to three homes sold over the last 30 days, coinciding with an identifiable downward trend in price reductions, with four in the same time frame. Even as the number of sellers lowering their price trended lower, the median sales price continued to fall, hitting a three-month low at $32,000. Franklin is a definite buyer's market, with a big 29 months of inventory to choose from coupled with falling prices.
Comments:

The population of Franklin is less affluent than average compared to others in Virginia with a median income of $40,674 per household. It's also considered an average city in terms of affordability with a cost of living adjustment score of 99.9. 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:

$249K  
More sellers put their homes up for sale in the Franklin market over the last 30 days and the number of new listings climbed this week to 10. Home sales remained unchanged from the prior period and once again five homes were sold. Potential buyers should note that prices are coming down in Franklin, and for this period the median sales price slid from $150,000 to $147,000. Franklin is a definite buyer's market, due to a big 16 months of inventory left and aided by the flat sales.
Comments:
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