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Franklin Township Sales Rise 3.7 Percent in November, 2012

The Franklin Township real estate market saw a 3.7-percent increase in closed sales in November, 2012. But not only was the most recent total of 84 closings up versus the previous month’s total 81, compared to last November’s total of 60 this is a significant, 40-percent increase on the year. And, from September through November of this year, there were on average 79 closings per each month, or nearly 20 percent more, compared to this same period last year.

The news concerning pending sales was not nearly as rosy. That’s because the 55 reported pending sales in November were down 41.5 percent compared to the previous month’s total of 94, and down 8.3 percent versus last November’s total of 60. However, the average number of reported pending transactions, from September through November of this year, climbed nearly 17 percent relative to this same quarter 1 year ago, or 76 versus 65 respectively.

One healthy development for the market was a 5.4-percent decrease in the number of homes for sale. But not only is November’s total of 389 listings down versus the previous month’s total of 411, it is down 9.1 percent versus this same time 12 months ago. Further still, an average of 427 homes were on the market during the months of September through November of this year, or 8.2 percent fewer, compared to this same month 1 year ago.

View the complete, original report here.