FRANKLIN COUNTY HOUSING MARKET DATA

There was an increase in total units sold in May, with 67 sold this month in Franklin County Real Estate versus 51 last month, an increase of 31%. This month's total units sold was higher than at this time last year, an increase of 18% versus May 2024.

Versus last year, the total number of homes available this month is higher by 62 units or 45%. The total number of active inventory this May was 200 compared to 138 in May 2024. This month's total of 200 is higher than the previous month's total supply of available inventory of 181, an increase of 10%.

Last May, the median sale price for Franklin County Homes was $460,000. This May, the median sale price was $383,200, a decrease of 17% or $76,800 compared to last year. The current median sold price is 9% higher than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 3.0 months of supply available in Franklin County, compared to 2.4 in May 2024. That is an increase of 23% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 114 homes newly listed for sale in Franklin County compared to 81 in May 2024, an increase of 41%. There were 72 current contracts pending sale this May compared to 53 a year ago. The number of current contracts is 36% higher than last May.

In May, the average sale price in Franklin County was 97.7% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 52, higher than the average last year, which was 38, an increase of 37%.





FOCUS ON: FRANKLIN COUNTY HOUSING MARKET			MAY 2025

Units Sold 67	Active Inventory 200	Median Sale Price $383,200	Days On Market 52

Up 18% Vs. Year Ago	Up 45% Vs. Year Ago	Down -17% Vs. Year Ago	Up 37% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 67 sold this month in Franklin County Real Estate versus 51 last month, an increase of 31%. This month's total units sold was higher than at this time last year, an increase of 18% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 62 units or 45%. The total number of active inventory this May was 200 compared to 138 in May 2024. This month's total of 200 is higher than the previous month's total supply of available inventory of 181, an increase of 10%.
		Median Sale Price Last May, the median sale price for Franklin County Homes was $460,000. This May, the median sale price was $383,200, a decrease of 17% or $76,800 compared to last year. The current median sold price is 9% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 114	Current Contracts 72	Sold Vs. List Price 97.7%	Months of Supply 3.0

Up 41% Vs. Year Ago	Up 36% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 24% Vs. Year Ago


		Months of Supply In May, there was 3.0 months of supply available in Franklin County, compared to 2.4 in May 2024. That is an increase of 23% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 114 homes newly listed for sale in Franklin County compared to 81 in May 2024, an increase of 41%. There were 72 current contracts pending sale this May compared to 53 a year ago. The number of current contracts is 36% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Franklin County was 97.7% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 52, higher than the average last year, which was 38, an increase of 37%.



	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by Information included in this report is based on data supplied by the Roanoke Valley Association of REALTORS (RVAR) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace as some brokerages choose not to provide transaction information. This may result in an understatement of completed sales and available listings. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of RVAR or Long & Foster Real Estate, Inc. or Long & Foster Real Estate, Inc.