$499K  
The Franklin market closed in on its 12-month sales average this week as sales climbed 25.0% to reach five homes sold over the last 30 days. At the same time, close-by Chesapeake reported 290 home sales, the highest number from all the surrounding cities. The median sales price dropped to $150,000, down from last week's $175,000. Franklin is still a solid buyer's market, due to the availability of 16 months of remaining inventory, even after the uptick in sales.
Comments:

$319K  
With four 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 11 new listings for buyers to choose from. Potential buyers should note that prices went up in Franklin, with the median for this period rising from $84,950 to $175,000. With no movement in sales and the availability of 20 months of inventory, Franklin is a strong buyer's market.
Comments:

$185K  
The Franklin market slowed with a 50.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 6.0 monthly average with three homes sold. In comparison, nearby Chesapeake had 262 sales in the same time frame, the most of all neighboring cities. Months of inventory were further reduced to 26, extending a downward trend to four weeks. Franklin is a solid buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

$949K  
The number of price cuts in the Franklin market climbed to 17 over the last 30 days, furthering a determined positive trend. Despite drops in list prices, sales also decreased to six homes sold. Prices are rising in Franklin, and the median sales price this period increased from $84,900 to $94,200. Along with the slip in sales, a relatively high 13 months of inventory indicates that Franklin is a solid buyer's market.
Comments:

$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:
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