December 2024 | Milton Real Estate Market Update
As the holiday season brought its usual quiet pause to the Milton real estate market, activity naturally slowed, but opportunities for savvy buyers and sellers remained. Here’s a closer look at what happened and what it means for you.
December 2024 Market Snapshot:
New Listings: 94
Sales: 83
Compare that to November 2024:
New Listings: 281
Sales: 150
The slowdown is typical for the season, yet the market held steady. December’s average sale price reached $1,067,583, only slightly lower than November. Interestingly, the median sales price climbed to $995,000, signaling a continued focus on mid-market properties that offer excellent value and lifestyle balance.
Milton Year-End Market Trends
2024 concluded with a total of 1,677 sales, a noticeable increase from 2023’s 1,515 sales. While the market hasn’t returned to the high volumes seen before the pandemic, it’s stabilizing into a healthier, more balanced environment. Consider these pre-pandemic sales figures for context:
2019: 2,198
2018: 1,870
2017: 2,207
2016: 2,486
2015: 2,350
2014: 2,223
Key Highlights:
Homes sold at 99% of asking price in both November and December, reflecting realistic pricing strategies and buyer engagement.
Inventory remained stable at 2.6 months, maintaining a balanced market without extreme fluctuations.
Political Shifts and Market Impact
As we move into 2025, the political landscape is changing. With Donald Trump set to take office in the U.S. and potential tariffs on the horizon, there could be economic ripple effects impacting the spring market. In Canada, Justin Trudeau’s resignation introduces a period of political transition that may influence buyer and seller confidence.
What This Means for You
For Buyers:
Balanced conditions and motivated sellers present an excellent opportunity to find the perfect home without market frenzy.
For Sellers:
Even in quieter seasons, a strong marketing strategy and focus on showcasing your home’s unique features can yield great results.
Moving Forward with Confidence
At Silver Birch Real Estate Collective, we turn market insights into strategic actions tailored to your needs. Whether buying or selling, let us help make 2025 the year you achieve your real estate goals.
Reach out today—we’re ready when you are.
Contact Us
Ready to take the next step? Contact us today or book a consultation. Stay tuned for more updates, and let’s make your real estate journey a success.