Milton Real Estate Watch | March 2021

Marketing Team • April 7, 2021

Milton Real Estate Watch for March 2021

 

The real estate market in Milton is still very strong and homes are selling quickly. The home sale price increased marginally from February to March, but where we saw significant change was in the number of sales. Home sales jumped 33 percent from February with a 22 percent increase in new inventory hitting the market. If you at all considering moving, now is the time to capitalize on the hot housing market!  Hit the link below to check out the full breakdown of what happened in March.

 

To download the full breakdown for March 2021 

CLICK HERE

 

Whether you are considering selling, refinancing or just staying put in your home, now is the time to get a home evaluation!   CLICK HERE  to set up a FREE home evaluation to find out how much your home is worth in today’s market.

 

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 .

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.

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.

 

Looking to buy? Have a look at current listings . Questions about the December 2020 Market Data? Reach out to us at [email protected] .

 

 

The post Milton Real Estate Watch | February 2021 appeared first on Amy Flowers .

 

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