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.