Milton's Real Estate Landscape February 2025
Milton Real Estate Market Update – February 2025
Buyers Hold the Power in Milton’s Resale Market
February 2025 saw continued advantages for home buyers in Milton, with an ample selection of listings keeping competition low. Home sales dipped compared to the same time last year, while new listings remained strong—creating favourable conditions for those looking to negotiate the best deal.
Market Trends: Sales Down, Listings Up
Milton REALTORS® reported 97 home sales through TRREB’s MLS® System in February 2025, marking a 35.76% decline from February 2024. However, new listings saw an increase, reaching 291 properties, up 13.67% year-over-year. Despite this influx of inventory, home buyers remained cautious, with seasonally adjusted figures showing a month-over-month dip in sales compared to January 2025.
Affordability & Economic Uncertainty Impacting Buyer Confidence
“Many households in the GTA are eager to purchase a home, but current mortgage rates make it difficult for the average household income to comfortably cover monthly payments on a typical property. Fortunately, we anticipate a decline in borrowing costs in the coming months, which should improve affordability,” said TRREB President Elechia Barry-Sproule.
In addition to mortgage rates, economic uncertainty is playing a role in buyer hesitation. “On top of lingering affordability concerns, home buyers have arguably become less confident in the economy. Uncertainty about our trade relationship with the United States has likely prompted some households to take a wait-and-see attitude towards buying a home. If trade uncertainty is alleviated and borrowing costs continue to trend lower, we could see much stronger home sales activity in the second half of this year,” added
TRREB Chief Market Analyst Jason Mercer.
Detached Homes
February 2025
New Listings: 122
Average Sales Price: $1,214,048
Number Sold: 31
Days on Market: 20
Semi-detached Homes
February 2025
New Listings: 20
Average Sales Price: $988,222
Number Sold: 9
Days on Market: 23
Townhomes
February 2025
New Listings: 78
Average Sales Price: $902,827
Number Sold: 42
Days on Market: 20
Condo Townhomes
February 2025
New Listings: 13
Average Sales Price: $707,125
Number Sold: 4
Days on Market: 26
Home Prices Experience a Decline
The average selling price in Milton for February 2025 was $975,939, representing an 11.81% decrease from the same month last year. Month-over-month, prices also edged lower after seasonal adjustment, reflecting the cautious approach buyers are taking in the current market.
Policy Uncertainty & Market Outlook
“With the Ontario provincial election just behind us and the federal political situation in flux, there is a lot to consider from a policy perspective when it comes to housing. Not only do existing policymakers and those vying for high public office need to make clear their direction on housing supply and affordability, but they also need to be clear on how they intend to tackle issues related to trade and the economy. Clear direction will go a long way to strengthen consumer confidence,” said TRREB Chief Executive Officer John DiMichele.
What This Means for Buyers and Sellers in Milton
For buyers, this market presents an opportunity to secure a home with greater negotiating power and less pressure from competing offers. Sellers, on the other hand, must be strategic in pricing and presentation to attract serious buyers in a more balanced market.
Thinking of Buying or Selling? Let’s Talk!
If you’re considering making a move in Milton’s real estate market, now is the time to have a solid strategy in place. Whether you’re looking to buy or sell, The Flowers Team is here to guide you through the process with expert advice and market insights.
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