Realtor Warren Reynolds has some very interesting statistics on the real estate market in Franklin, MA as he looks back at 2021. A worthy read especially to help inform the ongoing discussion around Franklin housing as well as the need for more affordable housing in Franklin.
"Highest home sale in 2021
The highest price paid for a single-family home in Franklin during 2021 was $1,677,900. While decidedly small potatoes in many of the affluent communities throughout Greater Boston, it was the highest price ever paid for a home in Franklin listed on MLS-PIN.
Before 2021, Franklin’s record-high sale price on MLS-PIN was $1,577,000, which was set in 2020.
Franklin’s sale price record broken five times in 2021
What’s most noteworthy about 2021’s housing market in Franklin is that the town’s record-high sale price set in 2020 was surpassed FIVE times just one year later in 2021!"
One of the key markers in the demographics study done for Franklin Public Schools in the number of annual home sales. The ability for housing to turnover is one of the factors for population. Franklin had dropped in annual sales during 2020 and has recovered to more of a recent volume with 332 sales.
|The number of single-family home sales in Franklin recorded on MLS-PIN during 2021 was significantly higher than the previous year’s total|
Continue reading his recap of 2021