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Franklin Real Estate and Homes For Sale in Wisconsin - Troy Chowanec, RE/MAX Realty 100, RealtorĀ®

2nd Quarter 2010 Statistical Analysis Single Family Home Sales Franklin, Wisconsin

Troy Chowanec

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)

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

2nd Quarter 2010 Statistical Analysis Single Family Home Sales Franklin, WI

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