Milton Real Estate Watch | October 2021

Marketing Team • November 4, 2021

Milton Real Estate Watch for October 2021

For the month of October the inventory of homes for sale did not keep up with demand. The number of new listings was down by approximately 30 per cent compared to October 2020.


Market conditions tightened across all major home types compared to last year, and the annual rate of average price growth was up over 20 per cent.


Click the link below to check out the full breakdown of what happened in Milton real estate market for October 2021.


To download the full breakdown for October 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 .

 

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.

 

Looking to buy? Have a look at current listings . Questions about the October 2021 Market Data? Reach out to us at [email protected] .

 

 

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

 

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