$489K  
The Franklin City market lost momentum with a 36.4% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (5.9) with seven homes sold. On the other hand, close-by Chesapeake City registered 373 home sales in the same period, the most of all surrounding counties. The median sales price rose to $170,000 over the latest reporting period for Franklin City, up from $157,900. Along with the slip in sales, a relatively high 12 months of inventory indicates that Franklin City is a definite buyer's market.
Comments:

The population of Franklin City is less affluent than average compared to others in Virginia with a median income of $40,767 per household. It's also considered an average county in terms of affordability with a cost of living adjustment score of 99.9. Franklin City is made up of homes that are relatively old with a median of 38 years. The top school in the county is Franklin High School.
Comments:

$489K  
The Franklin City market saw sales remain consistent with 10 homes sold over the last 30 days and is also under a new downward trend in the number of contracts closing, with this week's number falling to eight. The median sales price remained unchanged over the latest reporting period for Franklin City, coming in at $152,950. With a downward trend in contracts numbers and nine months of inventory still left to work through, Franklin City is a solid buyer's market.
Comments:

$205K  
The Franklin City market saw sales remain flat this week with nine homes sold over the last 30 days but new listings fell to eight. The median sales price of all transactions in Franklin City did not budge this week, remaining at $148,000. With no movement in sales and the availability of 10 months of inventory, Franklin City is a strong buyer's market.
Comments:

$199K  
While home sales in the Franklin City market have been above average, in this week's report they slid 10.0% to nine homes sold over the last 30 days. In comparison, nearby Chesapeake City had 385 sales in the same time frame, the most of all neighboring counties. The median sales price dropped to $148,000 over the latest reporting period for Franklin City, down from $157,400. Franklin City is a definite buyer's market, thanks to a big 10 months of inventory to choose from and a pullback in sales.
Comments:

$899K  
The Franklin City market saw sales spike 28.6% and it is currently in the midst of a solid upward sales trend, including nine homes sold over the last 30 days. The median sales price remained unchanged over the latest reporting period for Franklin City, coming in at $154,900. Despite the rising sales trend, with 10 months of inventory to work through, Franklin City is a still definite buyer's market.
Comments:

$499K  
The Franklin City market pulled back this week but was still better than normal as sales dropped 12.5% to seven homes sold over the last 30 days. In comparison, nearby Chesapeake City had 408 sales in the same time frame, the most of all neighboring counties. The median sales price dropped to $154,900 over the latest reporting period for Franklin City, down from $164,450. Along with the slip in sales, a relatively high 13 months of inventory indicates that Franklin City is a strong buyer's market.
Comments:

Franklin City is a small county in Virginia with 8,582 residents. Also, it has a higher than average density with 1,045.8 people per square mile. Keep in mind, 45.0% of the homes in Franklin City are owned, while 45.5% are rented. The top school in the county is Franklin High School.
Comments:

$183K  
The number of sellers reducing prices in the Franklin City market trended up to seven over the last 30 days, extending a three-week streak. During the same period, six sales were completed. The median sales price remained unchanged over the latest reporting period for Franklin City, coming in at $161,950. Franklin City is a solid buyer's market, thanks to a big 16 months of inventory to choose from and a pullback in sales.
Comments:

$514K  
The Franklin City market saw sales remain flat this week but it is currently in the midst of a confirmed upward sales trend, including eight homes sold 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. Potential buyers should note that prices went up in Franklin City, with the median for this period rising from $66,000 to $161,950. Franklin City is a solid buyer's market, thanks to a big 12 months of inventory to choose from and the flat sales.
Comments:
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