$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.
Comments:

$999K  
The Franklin market might be slowing in the coming weeks. Sales stayed steady at two homes sold over the last 30 days, but there is a new downward trend in the number of new listings, with five going live in the same time frame. The median sales price of all transactions in Franklin did not budge this week, remaining at $94,950. Franklin is a definite buyer's market, thanks to a big 36 months of inventory to choose from and the flat sales.
Comments:

$999K  
Home sales in the Franklin market remained cold in this week's report as they dropped 33.3% to two homes sold over the last 30 days. In comparison, nearby Chesapeake had 232 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices went up in Franklin, with the median for this period rising from $49,900 to $94,950. Franklin is a definite buyer's market, thanks to a big 34 months of inventory to choose from and a pullback in sales.
Comments:

$207K  
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. Topping the list of best schools in the city is Moyock Elementary School.
Comments:

$999K  
The Franklin market remained cold with two homes sold in the last 30 days, a 33.3% sales drop. Within the same time frame, Chesapeake had 277 sales, the most of all cities in the area. Prices are falling in Franklin, and this period the median price of all sales fell from $49,900 to $41,950. Franklin is a solid buyer's market, due to a big 35 months of inventory left and aided by the dip in sales.
Comments:

$207K  
Despite an identifiable downward trend in sellers reducing price, including one markdown over the last 30 days, sales in the Franklin market ticked up to three over the same stretch of time. A months of inventory number of 23 reported this week continued a four-week upward trend, to go along with the weak number of price reductions in the area. Even after uptick in sales, such a large amount of remaining inventory tells us that Franklin is still a definite buyer's market.
Comments:

$999K  
The Franklin market stayed soft this week as sales slid 33.3% to land at two homes sold over the last 30 days. On the other hand, close-by Chesapeake registered 282 homes sold in the same time frame, the most of all surrounding cities. The median sales price rose dramatically to $144,500, up from last week's $63,000. With decreasing sales and the availability of 34 months of inventory, Franklin is a definite buyer's market.
Comments:
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