June 2020 Milton Real Estate Market Data

Marketing Team • July 8, 2020

June 2020 Sales Report

The Real Estate Market in Milton has rebounded slightly for June 2020.
Sales are up 92 percent for all home types from May to June. Average home price has increased across the board for all home types last month, as well as an overall increase of 7.21 percent from June 2019

Sales to new listing ratio

A real estate market never heads in just one direction. Several key factors can drastically influence the direction of the market including mortgage interest rates, employment levels/growth, investment growth, immigration and development. These factors can influence whether we are it is a  buyer’s market  or a  seller’s market .

A  buyer’s market  exists when there are significantly more homes for sale than there are buyers. The typical end results in a drop in median sale prices over time as homeowners adjust their expectations to the current market conditions.

A  seller’s market  typically exists when interest rates are low are there are plenty of qualified buyers and not as many homes for sale. Buyers must react quickly and often face multiple offer situations. Prices generally rise under these circumstances.

Interested in knowing what your home is worth in today’s market?  CLICK HERE  to find out how much you can get for your home.

Looking to buy? Have a look at current listings. Questions about the December 2019 Market Data? Reach out to us at [email protected].

 

The post June 2020 Milton Real Estate Market Data appeared first on Amy Flowers .

 

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