$499K  
The Franklin City market showed gains in this week's report, as the number of home sales climbed 25.0%, pushing the total to five homes sold over the last 30 days. In comparison, nearby Chesapeake City had 290 sales in the same time frame, the most of all neighboring counties. The median sales price dropped to $150,000 over the latest reporting period for Franklin City, down from $175,000. Despite the uptick in sales, there are still 16 months of inventory left to work through, meaning Franklin City is still a definite buyer's market.
Comments:

$319K  
The Franklin City market saw sales remain flat this week with four homes sold over the last 30 days but new listings fell to 11. Prices are rising in Franklin City, and the median sales price this period increased from $84,950 to $175,000. Franklin City is a strong buyer's market, due to a big 20 months of inventory left and aided by the flat sales.
Comments:

$319K  
The Franklin City market broke below its 12-month average sales volume this week as sales tumbled 50.0% to hit three homes sold over the last 30 days. On the other hand, close-by Chesapeake City registered 262 home sales in the same period, the most of all surrounding counties. A months of inventory number of 26 reported this week continued a four-week downward trend. Along with the slip in sales, the higher-than-normal inventory indicates that Franklin City is a definite buyer's market.
Comments:

$949K  
The number of price cuts in the Franklin City market climbed to 17 over the last 30 days, furthering an established positive trend. Despite drops in list prices, sales also decreased to six homes sold. The median sales price climbed to $94,200 over the latest reporting period for Franklin City, up from $84,900. Franklin City is a strong buyer's market, thanks to a big 13 months of inventory to choose from and a pullback in sales.
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$204K  
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 considered relatively old with a median of 38 years. Heading the list of top schools in the county is Franklin High School.
Comments:

$259K  
More sellers put their homes up for sale in the Franklin City market over the last 30 days and the number of new listings climbed this week to 16. Home sales remained unchanged from the prior period and once again seven homes were sold. The median sales price remained unchanged over the latest reporting period for Franklin City, coming in at $84,900. Franklin City is a definite buyer's market, thanks to a big 11 months of inventory to choose from and the flat sales.
Comments:

$949K  
Over the last 30 days, the sale of six homes took place in the Franklin City market. This shows a 14.3% drop from the prior period but the area remains on a new upward trend. Potential buyers should note that prices are coming down in Franklin City, and for this period the median sales price slid from $81,795 to $69,850. Franklin City is a definite buyer's market, due to a big 12 months of inventory left and aided by the dip in sales.
Comments:

$949K  
December was the last time there were so many price reductions in the Franklin City market, with nine reported over the last 30 days. The market also had six homes change hands. When comparing other close-by counties within the same period, the most came from Chesapeake City with 331 price reductions. The median sales price rose dramatically to $92,647, up from last week's $49,897. Franklin City is a solid buyer's market, with 12 months of remaining inventory and aided by the rise in price reductions.
Comments:

$949K  
Over the last 30 days, the Franklin City market picked up with four homes sold. In comparison, nearby Chesapeake City had 236 sales in the same time frame, the most of all neighboring counties. The median sales price in Franklin City stayed put this week at $49,897. Despite the uptick in sales, there are still 18 months of inventory left to work through, meaning Franklin City is still a definite buyer's market.
Comments:

$225K  
The number of homes coming into the Franklin City market climbed to 11 listings over the last 30 days, while sales remained right where they were as once again two homes were sold over the same period. The median sales price of all transactions in Franklin City did not budge this week, remaining at $49,897. Franklin City is a solid buyer's market, thanks to a big 35 months of inventory to choose from and the flat sales.
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