Franklin, MA 2016 Real Estate Activity Report

During 2016, real estate activity in Franklin saw decreases in both total sales volume and average sales price.

 

There was a 14% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Franklin in 2016. 7,392 land documents were recorded versus 6,484 during 2015. 

 

The total volume of real estate sales in Franklin during 2016 was $326,282,472, a 10% decrease from 2015. The average sales price of homes and commercial property was down 19% in Franklin. The average sale price was $606,473.

 

The number of mortgages recorded (1,752) on Franklin properties in 2016 was up by 19% from the previous year. However, total mortgage indebtedness decreased by 34% to $1,065,200,756 during the same period.

 

There were 21 foreclosure deeds filed against Franklin properties during 2016, representing a 200% increase from the previous year when there were 7 foreclosure deeds filed.

 

Finally, homestead activity increased 12% in Franklin during 2016 with 615 homesteads filed compared to 551 in 2015.

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.