3rd Quarter Statistical Analysis Single Family Home Sales Franklin, Wisconsin

Here are the current market conditions for the Franklin Wisconsin Single Family Home Real Estate Market.

There were 69 homes sold during the 3rd quarter of 2009 in the City of Franklin WI (11 more than last quarter.)  The monthly break down is as follows:

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• July- 29 homes sold
• August- 20 homes sold
• September- 20 homes sold

There are 175 active listings in Franklin, WI as of 10 October 2009 (down from 203 last quarter) of which 20 have accepted offers.  There are an additional 14 homes that are in pending status meaning that they are pretty much ready to close.  Homes sold in the 3rd quarter 2009 were on the market, on average, 138 days, down 19 days over the last quarter.  Homes were selling for 95.36% of last asking price and 92.48% of assessed value which is up from last quarter.  Based on the sales data for the quarter, there is currently a 7-8 month supply of inventory in the Franklin, WI Market down from last two quarters. There was a total of $15,278,443 in sales volume which translates into an average sales price of $221,427 (down 28k from the previous quarter) for the Franklin WI home market.

(all data collected using the Metro-MLS 10/09/09)