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

There were 80 homes sold during the 2nd quarter of 2010 in the City of Franklin WI (up from 47 last quarter and up from 58 during the same period in 2009.) The monthly break down is as follows:

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• April – 24 homes sold
• May – 29 homes sold
• June – 27 homes sold

There were 179 active listings in Franklin, WI as of 12 July 2010 (down from from 207 back in April) of which 10 have accepted offers, down from 30 in April. There are an additional 10 homes that are in pending status meaning that they are pretty much ready to close. Homes sold in the 2nd quarter 2010 were on the market, an average, 133 days, down from 168 in Q1. Homes were selling for 94.95% of last asking price and 91.97% of assessed value a little down from last quarter. Based on the sales data for the quarter, there is currently a 6-7 month supply of inventory in the Franklin, WI Market down from the 13-14 month supply we had in April. I expect that with the expiration of the tax credit that we will see the supply of inventory increase as fewer homes are sold over the next few months. There was a total of $21,726,252 in sales volume (almost twice that of Q1) translating into an average sales price of $286,029 (up about 38K from Q1) The lowest sold price of a home this quarter was $74,000 and the highest priced sale came in at $760,000. From what I could determine looking at the tax records and the MLS data, there were 10 foreclosure sales and 3 short sales during the quarter. Below is a spreadsheet showing the breakout by month of the sales. Also below are 3 pdf links that provide monthly detailed property info on sold properties. If you are thinking about selling your home please feel free to contact me any time. ~Troy

(all data collected using the Metro-MLS 7/12/10)

Solds MLS Data Sheet April 2010
Solds MLS Data Sheet May 2010
Solds MLS Data Sheet June 2010

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

There were 47 homes sold during the 1st quarter of 2010 in the City of Franklin WI (the same last quarter but up from 29 during the same period in 2009.) The monthly break down is as follows:

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• January – 11 homes sold
• February – 14 homes sold
• March – 22 homes sold

There are 207 active listings in Franklin, WI as of 12 April 2010 (up from 137 back in January) of which 30 have accepted offers. There are an additional 12 homes that are in pending status meaning that they are pretty much ready to close. Homes sold in the 1st quarter 2010 were on the market, on average, 168 days, up from 106 from the 4th quarter and 137 from the 3rd quarter last year. Homes were selling for 96.88% of last asking price and 92.75% of assessed value which represent little from last quarter. Based on the sales data for the quarter, there is currently a 13-14 month supply of inventory in the Franklin, WI Market up from the 8-9 month supply we had in January. There was a total of $11,664,700 in sales volume (down from the previous 2 quarters) which translates into an average sales price of $248,185 (Down about 7K from Q4 2009) for the Franklin WI home market.

(all data collected using the Metro-MLS 4/12/10)

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

There were 47 homes sold during the 4th quarter of 2009 in the City of Franklin WI (21 less than last quarter.) The monthly break down is as follows:

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• October – 20 homes sold
• November – 19 homes sold
• December – 8 homes sold

There are 137 active listings in Franklin, WI as of 5 January 2010 (down from 203 in the 2nd quarter and 175 in the 3rd quarter) of which 11 have accepted offers. There are an additional 13 homes that are in pending status meaning that they are pretty much ready to close. Homes sold in the 4th quarter 2009 were on the market, on average, 106 days, down from 157 from the 2nd quarter and 137 from the 3rd quarter. Homes were selling for 95.82% of last asking price and 92.94% of assessed value which are fractional changes from last quarter. Based on the sales data for the quarter, there is currently a 8-9 month supply of inventory in the Franklin, WI Market up for the first time in two quarters. There was a total of $12,025,550 in sales volume (down about 22% from last quarter) which translates into an average sales price of $255,863 (up about 35k from the previous quarter) for the Franklin WI home market.

(all data collected using the Metro-MLS 1/5/10)

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)

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

There were 58 homes sold during the 2nd quarter of 2009 in the City of Franklin WI.  The monthly break down is as follows:

• April- 19 homes sold
• May- 18 homes sold
• June- 21 homes sold

There are 203 active listings in Franklin, WI as of 21 July 2009 of which 15 have accepted offers.  There are an additional 10 homes that are in pending status meaning that they are pretty much ready to close.  Homes sold in the 2nd quarter 2009 were on the market, on average, 157 days, up 50 days over the 1st quarter.  Homes were selling for 95.79% of last asking price and 89.47% of assessed value which is the same as last quarter.  Based on the sales data for the quarter, there is currently a 10-11 month supply of inventory in the Franklin, WI Market down from last quarter. There was a total of $14,371,688 in sales volume which translates into an average sales price of $247,788 for the Franklin WI home market.

(all data collected using the Metro-MLS 7/21/09)

Here is the current snap-shot of the Franklin Wisconsin Single Family Home Real Estate Market.

There have been 29 home sales through the 1st quarter of 2009. A break down of the quarter by month yielded 9 sales in January, 7 in February, and 13 in March. There are currently 161 active listings in the Franklin market and there are 13 home sales pending and 9 homes that are active but have accepted offers. Cumulatively, homes are on the market an average of 107 days and they are selling for 94.6% of asking price and 89.5% of their assessed value and 85.9% of the assessors fair market value.  Based on the sales data for the quarter, there is currently a 16-17 month supply of inventory in the Franklin market.

(all data collected using the Metro-MLS 4/7/09)

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