Supply of Franklin Homes for Sale Rises
There are currently 11.2 months’ worth of homes for sale in Franklin. This represents a full month’s increase in supply, compared to the approximately 10 months of housing inventory in town back in May 2008.
What this means is that at the present rate of home sales, it would take 11 months to have all Franklin, Mass properties now for sale find buyers.
The May 2009 increase in homes for sale inventory in Franklin, Massachusetts brought the local market more on par with housing supply currently carried in regional Massachusetts markets .
The overall Massachusetts real estate market experienced a slight decline in housing inventory in May 2009. There currently are 11.7 months of single family home inventory in all of MA compared to 12.5 months in May 2008.
The supply of condominiums for sale in Franklin continued to balloon in May 2009.
The upward trend in condo supply in Franklin, MA has been evident throughout 2009 as more new construction units enter the market.
The nearly 3 years of condo inventory in Franklin, MA is notable, especially when compared to the much smaller roughly 10 months of supplies carried by the broader MA markets tracked by this report.
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