Franklin County Sees a Declines in Sales, But an Increase in Median Sale Price

Immaculate lakefront home with westerly sunset views and a perfect shale beach in Swanton. MLS# 4722769
 Median Sale PriceAverage Sale PriceUnits SoldNewly ListedDays on Market
Single-Family$208,300 (13.2%)$216,370 (7.4%)79 (-16%)151 (-7.4%)118 (-8.5%)
Condos$185,500 (8.2%)$198,671 (3.8%)6 (-50%)8 (-50%)67 (-70.6%)
Multi-Family$210,835 (-1.9%)$214,112 (-3.3%)6 (-45.5%)13 (62.5%)126 (-22.2%)
Land$81,750 (31.9%)$101,667 (36.4%)6 (-40%)42 (90.9%)95 (-55.8%)

 

While the number of units sold in Franklin County declined during the 1st quarter, the median and average sale prices increased.

Inventory tightened a bit with new properties coming to market declining. The harsh winter and traditionally slow months of the year may not provide enough data to determine trends that will be seen in Franklin County during 2019.