Pending home sale volume much improved 

The most striking confirmation of the improvement in market conditions this November comes with pending single family home sales (homes under agreement but not yet sold). 

16 Franklin single family homes went under agreement this November; quite a change for the better when weighed against the shockingly low 9 pending sales posted back in November 2008.

November’s vigorous home sale activity in Franklin, MA reflects an improving local economy and stronger regional home buying activity.  

Highest and lowest priced Franklin sales for November

The highest-priced Franklin single family home sale in November 2009 was 38 Lenox Drive which sold for  $835,000.  This ranks as the 3rd highest single family home sale to date in Franklin for 2009.  It’s significant that this sale came so late in the year, during a time when home sale prices typically reflect a late-fall slow down.  

Lower-priced homes continued to sell well in Franklin in November, spurred by the $8,000 first time home buyers’ tax credit.

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Franklin Massachusetts real estate exceeded expectations: the median home sale price in Franklin rose over 15%!

The video was created by me to give you insights into the overall Massachusetts real estate market with a special emphasis on Franklin.  It builds on other recent indications of a possible real estate market bottom in MA.

Please contact me if you have questions about the current direction of the local housing market and how you might profit from a Massachusetts home price rebound!

Copyright ©2009 02038.com