Although the national news shows images of endless for sale signs in neighborhoods around the country,housing shortage 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. 

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Kathy Stankard of Coldwell Banker Residential Brokerage can beCB logo reached by cell at 508-369-5131 or via email. 

Kathy has been a top producing REALTOR for the past 15 years helping buyers and sellers in the Franklin, MA and metrowest of Boston area.  Feel free to check out her website for more resources and information.

 

 

Franklin MA Real Estate News

 

4 Comments on Is There A Housing Shortage in Franklin, MA?

OCT
12
2010
1,515,838 Points 275 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Hi Kathy....we do have a shortage of inventory in Franklin.....Our builders continue to build and provide units to carry them through the winter months....many foundations will be going in the ground by next month and building will go on through the winter, but we also need resale properties to carry us through those months.
1:17pm • #1
120,389 Points Outside Blog

Thanks Barbara.  It really benefits a seller to list a home now since they can definitely "stand out" without competition to all the buyers out there.  Many sellers I meet with are pleasantly surprised that overall their Franklin, MA home has held its value even during the downturn...
1:53pm • #2
277,366 Points Outside Blog

Kathy....we are certainly in need of more fresh inventory on the market. 
5:27pm • #3
120,389 Points Outside Blog

Susan--Thanks for your comment.  Please list something for me since I am in immediate need of a home for buyers!
5:42pm • #4

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Kathy Stankard & First Time Buyers,Relocation

Franklin, MA

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Coldwell Banker of Franklin, MA/508-369-5131

Address: Franklin, Wrentham, Norfolk, Plainville, North Attleboro, Holliston, Hopkinton, , Bellingham, Milford, Ashland, Framingham, Franklin, MA, 02038

Cell Phone: (508) 369-5131

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Real estate rants and advice on the Franklin, Massachusetts and the metro west of Boston area. Stop by often because you never know what resources or tidbits you might find!


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