July 2024 | Milton Real Estate Market Update

This summer in the Milton area real estate market has been a historically typical summer, with few sales taking place- but how are the values doing despite this summer slowdown? 

Let us share what you need to know to give you a thorough understanding of the current market if you own a home in Milton or looking to call Milton home one day soon.  

The Summer Lull

The summer lull for real estate sales is typical at this time of the year, so the 22% drop in sales isn’t anything to ring alarm bells about. Milton saw 129 Sales taking place this past Month in Milton.  Where are the month prior saw 162 Sales. 

Housing Prices

The Average Sale price for a Milton Home is $1,090,062  for the month of July and on average took 34 days from the time the home was listed to the time the house received a sold sign. 

On average buyers were negotiating 2% off the asking price last month, so based on the average sales price that’s about thirty thousand dollars.

Are You Looking to Buy?

If you are a buyer right now looking to call Milton home, you do have more options to choose from with 483 Active listings available for sale. Our advice would be to try an offer, even though 98% of asking was the average list to sale ratio last month , the largest negotiation last month saw the buyers at 87% of asking - that’s a large sum of money. 

Thinking of Selling?

If you are thinking of selling your Milton Home in todays market, you have steeper competition, so pricing your home in todays market, making your home into a product by depersonalize and staging and ensuring accessibility for showings will generate a better chance at a successful sale. 

The Fall Milton Market

Milton’s Real estate market has some great opportunities that are currently offered for sale, if you are considering a personal move, this month could provide you with opportunity as the rumblings of more interest rates drops in the future could lead to more buyer competition coming this fall. 

Making Informed Choices

Buyers, you have choice today and time! Two things we’ve not had much of for years in the Milton market. Get out there and view your options, weigh your decisions and consult with your mortgage advisors, if all checks out, take the plunge, the confidence in being able to do your due diligence is a liberating change of pace for our market place. 

Connect with Us!

If you are looking for more information on the market or would like to discuss your own real estate goals, connect with us!