Franklinton's real estate market is experiencing a price correction, with values down 12.1% from last year. Home prices have decreased 4.5% in the past month. At the current pace, all available homes in Franklinton would sell out in just 1.6 months, indicating a continued supply shortage. Sales volume is down 50% compared to seasonal expectations. A significant 75.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Franklinton market with the affordability index at 744.0. Based on current market indicators, home prices in Franklinton are projected to decrease by approximately 7.7% over the next month.