Milton's Real Estate Landscape in June 2024

Flowers Team Real Estate • July 5, 2024

Milton Real Estate Market Statistics | June 2024

June 2024 brought notable trends in Milton's real estate market, detailed in the latest report by the Toronto Regional Real Estate Board (TRREB). Despite a rate cut from the Bank of Canada earlier in the month, buyer activity in Milton saw a modest decline compared to the same period last year. The market remained stable with a healthy inventory, influencing a slight decrease in the average home selling price from June 2023.


Key Numbers: Analyzing the Data


According to TRREB, Milton REALTORS® reported 162 home sales through TRREB’s MLS® System, indicating a 5.26 per cent decrease from June 2023. Concurrently, new listings rose by 15.45 per cent year-over-year, reaching a total of 1,411. These figures highlight ongoing activity and growing inventory in the local housing market.


Market Insights and Predictions


TRREB Chief Market Analyst Jason Mercer emphasized the GTA's well-supplied housing market, providing prospective buyers with ample choices and negotiating power. Looking forward, Mercer anticipated that lower borrowing costs could stimulate increased sales while maintaining stable pricing dynamics.

Full Breakdown

Insights from Industry Experts:


Insights from industry experts further shed light on the market dynamics. According to Jennifer Pearce, President of the Toronto Regional Real Estate Board (TRREB), recent polling from Ipsos suggests that prospective homebuyers are closely monitoring mortgage rate trends. As borrowing costs are expected to decrease over the next 18 months, a wave of new buyers, including first-time purchasers, is anticipated to enter the market, alleviating pressure in the tight rental market.


Expert Analysis: Looking Ahead


TRREB CEO John DiMichele underscored the significance of sustained efforts to meet housing demands amidst population growth. He echoed Ontario's ambitious goal of adding 1.5 million homes by 2031, stressing the need for collaborative efforts across all levels of government to streamline housing development processes and reduce financial barriers.


In summary, while June 2024 showed a temporary dip in home sales in Milton, the market remains resilient with favorable conditions for both buyers and sellers. With ongoing economic adjustments and strategic planning, the future of Milton's real estate market looks promising as it navigates through current challenges towards sustained growth.


At Flower Team Real Estate, we are dedicated to providing unparalleled support and guidance to our clients throughout their homeownership journey. Our team understands the importance of staying informed and empowered in today's ever-evolving real estate landscape. Whether you're a first-time buyer, seasoned investor, or looking to sell your property, we're here to ensure your experience is seamless and rewarding.


For personalized guidance and insights into navigating Milton's real estate market, contact Flowers Team Real Estate at [email protected]. Let us help you achieve your real estate goals with confidence and expertise.


Disclaimer: Insights are based on TRREB's data for June 2024. Market conditions can evolve, and individual circumstances may vary. Consult with a professional real estate agent for personalized guidance.


Flowers Team News

An aerial view of a residential neighbourhood with lots of houses and trees.
By Flowers Team Real Estate April 17, 2025
If you’re dreaming about a family-friendly community with top schools, parks around every corner, and homes you can grow into, Milton’s ready for you.
By Flowers Team Real Estate April 10, 2025
Milton Real Estate Market Watch – March 2025 Affordability Improves While Inventory Grows: What Buyers Need to Know The Milton real estate market saw a shift in March 2025, bringing more affordability and increased inventory to the table. As borrowing costs eased and home prices edged lower compared to last year, homeownership became more attainable for many households considering a move. Prices Ease Year-Over-Year In March 2025, the average selling price in Milton was $989,662 , reflecting a 6.73% decrease compared to March 2024. The median sale price followed suit, dipping to $955,352 , down from $1,005,000 last year. While prices saw a modest month-over-month gain of 1.41% , the year-over-year dip is welcome news for buyers who were previously priced out. This trend offers a strategic opportunity for those looking to enter the market or move up, especially with interest rate cuts anticipated this spring . As TRREB President Elechia Barry-Sproule noted, “Homeownership has become more affordable over the past 12 months, and we expect further rate cuts this spring. Buyers will also benefit from increased choice, giving them greater negotiating power.” Sales-to-New-Listings Ratio Signals a Buyer’s Market With a sales-to-new-listings ratio of just 0.28 , the Milton market is firmly in buyer’s territory . This figure is down from 0.33 in February and far below the 0.60 threshold that typically indicates a seller's market. Buyers are clearly being cautious — and for good reason. According to TRREB’s Chief Information Officer Jason Mercer ,  “Given the current trade uncertainty and the upcoming federal election, many households are likely taking a wait-and-see approach... Home buyers need to feel their employment situation is solid before committing to monthly mortgage payments over the long term.”
By Flowers Team Real Estate March 19, 2025
The Ultimate First-Time Homebuyer’s Guide: Navigating Milton’s Real Estate Market with Confidence
A close up of a cherry blossom tree branch with pink flowers in the spring.
By Flowers Team Real Estate March 18, 2025
April’s spring market in Milton is prime for top-dollar home sales. Get expert tips on curb appeal, prepping your property, and closing fast!
An aerial view of a living room filled with furniture and a fireplace.
By Flowers Team Real Estate March 17, 2025
Are you curious about your home’s value in Milton’s booming real estate market? Location, property features, and timing impact prices. Get a free valuation from Flowers Team today.
By Flowers Team Real Estate March 11, 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.
By Flowers Team Real Estate March 3, 2025
Selling your home in the spring isn’t just about listing it—it’s about making sure it stands out in a competitive market. Buyers make quick decisions based on how your home looks, feels, and even smells. If you want to sell fast and for top dollar, here’s why taking the right steps matters: 1. First Impressions Can Make or Break a Sale 💡 Buyers form an opinion within seconds of arriving at your home. A well-manicured lawn, a freshly painted front door, and a welcoming entrance can mean the difference between a showing that turns into an offer—or one that ends before it even begins. 2. A Clean Home Feels More Valuable 🧼 Buyers associate cleanliness with care—if they see dust, grime, or clutter, they may assume the home hasn’t been well maintained. Deep cleaning and decluttering make spaces feel bigger, brighter, and more inviting. 3. Decluttering Helps Buyers See Themselves in Your Home 🏡 When buyers walk into a space filled with personal photos, trinkets, and clutter, they see your home—not theirs. Staging and decluttering create a neutral, inviting atmosphere that helps buyers visualize their future in your space. 4. Good Lighting Makes Rooms Look Bigger & Brighter ☀ Buyers love bright, airy homes—dark spaces can feel small and uninviting. By maximizing natural light, swapping heavy curtains for sheers, and using mirrors strategically, you can enhance your home’s appeal instantly. 5. Small Repairs Can Lead to Bigger Offers 🔨 Peeling paint, a leaky faucet, or a squeaky door might seem minor, but they signal neglect to buyers. Taking care of small fixes before listing shows that your home has been well cared for—and helps avoid buyers negotiating for unnecessary repairs. 
Ice dam roof
By Flowers Team Real Estate February 26, 2025
Winter can be tough on homes, and with the recent milder weather, ice dams are becoming a real threat for homeowners. If left unchecked, these icy buildups can lead to costly repairs and serious water damage inside your home. But don’t worry—we’re here to help you understand what ice dams are, how they form, and most importantly, how to prevent or get rid of them.
By Flowers Team Real Estate February 21, 2025
Discover how GO Transit simplifies commuting from Milton with eco-friendly, affordable travel. Explore top destinations stress-free while saving time and money.
By Flowers Team Real Estate February 20, 2025
French Immersion, STEM, or AP schools in Milton, ON offer great programs for every child. Get tips on enrollment, zoning, and more to find the perfect fit.
More Posts