It's A Seller's Market in Franklin MA | Free Market Analysis Offered
By Barbara Todaro, Previously Affiliated with The Todaro Team
(RE/MAX Executive Realty - Happily Retired )
This is a chart displaying the Active Single Family Resale Homes in Franklin MA, as of 12/18/2016. The price range of the resale homes ranges from a low price of $79,000 to a top list price of $2,295,000. There are 27 resale homes available in the Town of Franklin MA, and this reflects an extreme seller's market. The "absorption rate" today is 1.4 months. As homes sell and/or additional homes come on the market, the absorption rate changes. There are three ways of describing the condition of a real estate market. The market could be described as a seller's market, if the absorption rate is less than 6 months worth of inventory on the market. Sellers have the upper hand and secure a high price for their homes. If the inventory equates to 6 or 7 months, that can be described as a...
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