Franklin, MA 2014 Real Estate Activity Report

During 2014, real estate activity in Franklin saw increases in total volume and average sales price.


There was a 28% decrease in documents recorded at the Norfolk County Registry of Deeds for Franklin in 2014, resulting in a reduction of 2,257 documents from 8,050 to 5,793.


The total volume of real estate sales in Franklin during 2014 was $225,441,918 which showed an 8% increase from 2013. The average sales price of homes and commercial property was up by 3% in Franklin. The average sale was $457,285.


The number of mortgages recorded (1,254) on Franklin properties in 2014 was down by 34% from the previous year. Total mortgage indebtedness also decreased by 56% to $423,077,651 during the same period.


There were 8 foreclosure deeds filed in Franklin during 2014, representing an 11% decrease from the previous year when there was 9 foreclosure deeds filed.


Finally, homestead activity decreased by 9% in Franklin during 2014 with 544 homesteads filed compared to 601 in 2013.

 

The Norfolk County Registry of Deeds will be closed on Thursday, July 4th in celebration of Independence Day. We are open Friday, July 5th.

The Norfolk County Registry of Deeds is closed Today, July 4th in celebration of Independence Day. We are open Friday, July 5th.