Milton Market Update | April 2024
April 2024 has been a dynamic month for the Milton Real Estate market. We're going to get into the numbers and how they impact you whether you live in Milton or hope to one day you'll find this information helpful.
In April, the average home price in Milton was $1,095,865, showing an increase of 3% from last month but a 2% decrease from this time last year.
A total of 145 homes were sold this April, which is a slight decrease from the number of sales in March.
Active Real Estate Listings on the Rise
There was a significant rise in active listings in April jumping to 305 homes for sale this is up from just 190 homes listed for sale in Milton for the month of March, this is offering many more options for buyers.
Active listings represent the total properties available for sale at any moment. An uptick in these listings often suggests that more homeowners are opting to sell, possibly due to economic shifts, interest rate changes, or seasonal influences. Since spring is a peak time for listings, this increase aligns with the season's popularity for placing homes on the market.
What's on the On the Horizon for Milton?
What’s ahead? Experts are speculating that with the easing of borrowing costs on the horizon this will tighten the market, sparking a wave of price growth as we edge closer to 2025. Time will tell if they are correct.
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