Franklin Township Residential Sales

The month ended with 64 Franklin Township single family residences sold between June 1 - 30, 2008. Sale prices ranged between $135,000 and 730,000.

The month ended with 604 active listings on the market, including 118 new listings.

If you have a question about a specific property in town, or stats for surrounding areas, please don't hesitate to contact me.

Source: Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

Franklin Township Residential Sales

The month ended with 41 Franklin Township single family residences sold between May 1 - 31, 2008. Sale prices ranged between $210,000 and 785,000.

The month ended with 483 active listings on the market, including 103 new listings.

If you have a question about a specific property in town, or stats for surrounding areas, please don't hesitate to contact me.

Source: Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

Franklin Township Residential Sales

The month ended with 48 Franklin Township single family residences sold between April 1 - 30, 2008. These properties sold during this period at an average of 96% of listing price.** 

The month ended with 592 active listings on the market, including 141 new listings.

If you have a question about a specific property in town, or stats for surrounding areas, please don't hesitate to contact me.

Source: Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

Franklin Township Residential Sales

The month ended with 59 Franklin Township single family residences sold between March 1 - 31, 2008. These properties sold during this period at an average of 98% of listing price.** 

The month ended with 550 active listings on the market, including 149 new listings.

If you have a question about a specific property in town, or stats for surrounding areas, please don't hesitate to contact me.

Source: Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

Franklin Township Residential Sales

The month ended with 25 Franklin Township single family residences sold between February 1 - 29, 2008. These properties sold during this period at an average of 96% of listing price. 

The month ended with 566 active listings on the market, including 169 new listings.

If you have a question about a specific property in town, or stats for surrounding areas, please don't hesitate to contact me.

Source: Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

Franklin Township Residential Sales

The month ended with 30 Franklin Township single family residences sold between January 1 - 31, 2008. These properties sold during this period at an average of 96% of listing price. 

The month ended with 496 active listings on the market, including 120 new listings.

If you have a question about a specific property in town, or stats for surrounding areas, please don't hesitate to contact me.

Source: Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

Franklin Township Residential Sales

The month ended with 37 Franklin Township single family residences sold between December 1 - 30, 2007.

The month ended with 499 active listings on the market, including 44 new listings.

If you have a question about a specific property in town, or stats for surrounding areas, please don't hesitate to contact me.

Source: Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

Franklin Township Residential Sales

The month ended with 59 Franklin Township single family residences sold between November 1 - 30, 2007.

The month ended with 543 active listings on the market, including 105 new listings.

If you have a question about a specific property in town, or stats for surrounding areas, please don't hesitate to contact me.

Source: Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

Franklin Township Residential Sales

The month of October ended with 48 Franklin Township single family residences sold in an average of 82 days on the market (DOM) and received 96% of the listing price. October ended with an average new listing price of $383,291 and an average sale price of $353,141.

The month ended with 601 active listings on the market, including 125 new listings. If you have a question about a specific property in town, or stats for surrounding areas, please don't hesitate to contact me.

Source: Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.**

Franklin Township Residential Sales

This month the report takes on a new format. Now you will be able to view photos (where available) of the properties that sold/closed during the month.

The month of September ended with 47 Franklin Township single family residences sold with an average of 74 days on the market (DOM) and receiving 97.6% of the listing price. The average list price was $327,399 and the average sale price was $319,508.

The month of September ended with 473 active listings remaining on the market.

If you have a question about a specific property in town, or stats for surrounding areas, please do not hesitate to contact me

Source: GSMLS

The month of July ended with 65 Franklin Township single family residences sold ranging between 9 and 208 days on the market. 

Houses that were under contract for the month amounted to 94.  The month ended with 489 active listings which remained on the market.

The monthly chart that I regularly post still contains an error.  Therefore, this month it will not be published. I apologize for any inconvience this might cause.

If you have a question about a specific property, or stats for surrounding areas, please do not hesitate to contact me.

Error found in MLS stats

While pepariing to post the August Residential Sales Report for Franklin Township here, I discovered an error which misrepresented "sold" prices.  The error was reported and, hopefully, the correction will be made within a day or two.  I will post the new stats as soon as they become available.

Franklin Township Residential Sales

The month of July ended with 75 Franklin Township single family residences sold with an average of 74 days on the market and receiving 98% of the listing price. 

The month also ended with 640 active listings which remained on the market. This is a decrease of 8 new properties from the previous month.

If you have a question about a specific property, or stats for surrounding areas, please do not hesitate to contact me.

I have been providing raw data on monthly Franklin Township home sales for a while, now. But what do those numbers really mean?

Reviewing statistics for homes sold over the past several months, you can see that the local selling price has remained at approximately 97% of the listing price.  When examining Days On the Market (DOM) over the last six months, properly priced homes took 75 days to sell in contrast to 40 days in 2005.  I must add that these numbers reflect homes that were priced correctly, from the start. 

The inventory of Franklin Township housing stock on the market for the past six months has fluctuated between a low of 515 to a high of 783.  The month of June 2007 ended with 648 active listings. 

Today's local home values are similar to prices of August 2005 for houses sold. The month of June 2007 ended with an average Franklin Township selling price of $342,128.  The month of August 2005 ended with a average Franklin Township selling price of $343,354.  For long time home owners with plenty of equity, conditions are still ripe to sell your home.   

Much talk has been of a "Buyers' Market".  After a closer look, I would describe current local conditions as not so much a "buyers' market", here in Franklin Township, but one still in transition from a seller's market to a buyers' market.  

In summary, homes that are well priced and show well will find a buyer.  Don't price your home with the expectation of reaping values of 2006. Do listen to the recommendations of your real estate agent to improve how well your home shows to prespective buyers, its pricing and marketing plan.  Failing to heed these suggestions could have your home selling a competitors; when being compared. 

Franklin Township Residential Sales

The month of June ended with 69 Franklin Township private residences sold with an average of 66 days on the market and receiving 97% of the listing price. 

The month also ended with 648 active listings which remained on the market. This is an increase of 34 new properties from the previous month.

If you have a question about a specific property, or stats for surrounding areas, please do not hesitate to contact me.