$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:

$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:
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