Inventory in Franklin County has been expanding, with active listings up sharply from last year and now at 503. Homes sold also increased year over year, rising more than 15 percent to 126 in June, even as new listings dipped from May. Pending sales have softened slightly compared to a year ago, suggesting contract flow is more selective than raw sales counts alone might indicate.
Prices are moving upward over the longer term, even with some short-term adjustments. The typical home value is up more than 10 percent from last year, while the median list price is slightly lower than a year ago and down from May, hinting that sellers may be pricing more cautiously to meet buyers where they are.
Conditions still lean toward sellers, with a market gauge reading in seller’s market territory and months of supply at about three, close to the statewide level. Homes are taking longer to sell than a year ago, with median days on market jumping to 45, yet nearly 40 percent of sales are closing above list price and the average sale-to-list ratio is just over 100 percent, showing strong pricing power for well-positioned properties. Whether you are a buyer trying to navigate shifting inventory or a seller aiming to price correctly in this changing environment, Agent Pronto can connect you with a local agent who understands the Franklin County market.
