Inventory in Franklin County has been edging up while sales activity holds steady. Active listings in July reached 222, a slight increase from June, even as new listings fell nearly 6 percent month over month and about 15 percent year over year. At the same time, pending sales jumped almost 40 percent compared with last year, signaling more homes moving under contract despite fewer fresh listings.
Pricing is adjusting as this contract flow shifts. The typical home value sits around the mid-$100,000s and is up modestly, rising about 3 percent over the past year, while the median list price has dipped slightly both month over month and year over year. Homes are taking longer to sell, with the median days on market at 45, up from 41 just a month earlier and far higher than a year ago, suggesting buyers have more time to decide.
Supply conditions underline this change of pace. Months of supply has climbed to just over six, pointing to more options for buyers than in much of New York, where supply is closer to four months and prices are substantially higher overall. Even with a seller’s market label, only about 17 percent of homes in Franklin County are selling above list price and the average sale-to-list ratio is under 95 percent, indicating room for negotiation. Buyers and sellers can both benefit from an expert local guide, and Agent Pronto can connect them with an agent who understands these shifting dynamics.
