The area of Franklin / Freeport is still riding high on foreclosures even though they have fallen by 29.4% from year to year. 192 homes sold in the area of which 125 were foreclosures, 28 were short sales and 39 were non-distressed sales. Non-distressed sales are – interestingly enough – higher by 62.5% year over year. Unit volume fell 10.7% for the same period. Distress sales are now 80% of all sales as opposed to 90% of all sales from a year ago.

Average sold price per square foot is currently $87.20 which is a drop of 19.8% year over year from a high of $108.77. Average sales price is $123,285 – a drop of 20.4% year over year from $154,912. Median sales price currently rests at $111,000.

Inventory in the Franklin / Freeport area is at 2.2 months based on the last year of sales and 2.3 months based on the last six months of sales. Foreclosure inventory is at 0.3 months no matter how you look at it.

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