More homes have sold so far this year in Franklin County compared to the same time last year, figures show.
Through July 16 of this year, 530 residential properties have sold in Franklin County compared to 451 in the same time last year, according to figures from Mid America Information Systems.
“I was really happy to see those figures,” said Franklin Board of Realtors President Rachele Maczuk. “It just reiterated what I’m seeing in the market.”
Information on the average sale price of those homes was not available.
Maczuk said other figures also indicate an improving housing market.
For instance, she said the number of houses on the market is declining, average home prices are rising and time on the market is going down.
On July 1, there were 925 residential properties for sale in Franklin County compared to 1,004 in July 2012 and 1,070 in July 2011, according to the figures from Mid America Information Systems.
The average time on the market July 1 was 178 days compared to 189 days in July of last year and 198 days in July of 2011, the figures show.
Also, the average home list price in Franklin County on July 1 of this year was $229,685; July 2012, $218,918; and July 2011, $217,101.
Construction of new single-family homes in Franklin County is up slightly through June, according to the county building department. In the first six months of the year, the county has issued 49 permits for single-family homes, compared to 46 in the same time period last year.
This June, there were 11 building permits issued for single-family homes, compared to seven last June.
The total value of the homes that permits were issued for this June was $2.1 million.
Figures from the Franklin County Assessor’s Office show a different picture when it comes to the local housing market. The assessed valuation of residential property plummeted this year.
In 2012, the assessed valuation of residential property was $986.8 million compared to $899 million this year. However, this year’s assessed value figures are still subject to change since residents can dispute their value to the county board of equalization and the State Tax Commission.
FCG Housing Market 7-20-13