Although the national news shows images of endless for sale signs in neighborhoods around the country,
Franklin, Massachusetts is experiencing the opposite issue. We just do not have enough homes for sale to meet the buyer demand at this time.
The Multiple Listing Service (MLSPIN) currently shows 136 available homes in Franklin, MA with an average list price of $462,675. Although that may seem like a large number of homes at first glance, once the data is analyzed it becomes a different story. Here is the breakdown:
-
2 homes under $200,000
-
18 under $299,999
-
14 $300,000-349,000
-
22 $350,000-399,999
-
10 $400,000-449,000
-
9 $450,000-499,999
-
25 $500,000-599,999
-
12 $600,000-699,999
-
8 $700,000-799,999
-
6 $800,000-899,999
-
1 $900,000-999,999
$950,000 is currently the highest price home for sale in Franklin and $154,900 is the lowest.
Only 11 homes are the "sought-after" 2000 sq.ft. four bedroom Colonial and only 6 of these are located in neighborhoods as compared to main roads.
The local Franklin real estate market is in dire need of available homes for sale. The lack of home inventory has pushed home values higher than if we had a saturated real estate market. If you have been thinking of selling but thought your home's value had declined, you may be surprised at what your home is worth! Give me a call at 508-369-5131 or email me for a no-obligation comparative price analysis.
Comments(4)