The housing market in Franklin continues to see strong price appreciation, with values up 120.0% compared to last year. The median home price of $605,000 represents a substantial 120.0% increase from this time last year. With 3.5 months of supply, Franklin's inventory levels remain relatively tight. Transaction volume is up 100% compared to what's typically expected this time of year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Franklin market with the affordability index at 2558.1. Based on current market indicators, home prices in Franklin are projected to decrease by approximately 24.0% over the next month.