Inventory in Franklin County has inched up, with active listings slightly higher than a year ago and totaling 225 in September. Homes are still moving, as 72 properties sold this month while another 78 hit the market. Contract activity cooled, though, with pending sales down sharply year over year even as the overall flow of listings and closings stayed steady.
Pricing is showing strength in response to this mix of supply and demand. The typical home value climbed more than 20 percent compared with last year, while the median list price is actually a bit lower than a year ago, suggesting buyers are seeing more realistic asking prices even as closed values rise.
Time on market has shortened, with the median days on market down to 28 and months of supply dropping to just 2.3, a tighter level than the state’s 2.8 months and consistent with a seller’s market. Roughly 36 percent of homes are selling above list and the average sale-to-list ratio is essentially at 100 percent, indicating buyers often need to be aggressive on well-priced homes. With conditions moving quickly and trends diverging between listings, contracts, and final sale prices, both buyers and sellers can benefit from Agent Pronto’s help in finding a local agent who understands this shifting landscape.
