Monday, September 28, 2020

Warren Reynolds: "Demand Far Outstrips Supply In Franklin, MA Real Estate"

Realtor Warren Reynolds has a short video on the real estate market in Franklin. The amount of homes for sale has dropped sharply. The number of homes sold this year is also lower (as a result) than previous years.
"Looking at the year-to-date home sales figures for Franklin, MA as of mid-September, you’d be justified in thinking that the local real estate market is having a very bad year.

Single family home sales in Franklin, Massachusetts have fallen off a cliff so far in 2020. Sales volume is down 24% compared to 2019. The number of homes sold year-to-date is just about at the lows of the 2009 – 2011 Great Recession."
Continue reading Warren's article, to view the charts he mentions in the video

The video link =

Housing is a key factor of life here in Franklin. The demographic study by the School Dept forecast declining enrollment and that was based upon annual home sales of 275. You hear Warren say we have only 167 year to date. We are not in the range to maintain our population, never mind try and grow the population.

The Davis Thayer Facility study resumes this week (Weds, Sep 30). We should be able to find out the latest on the population and facility analysis.


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