Milton Real Estate Watch | November 2020

Marketing Team • December 3, 2020

Milton Real Estate Watch for November 2020

 

The number of Milton Real Estate home sales were lower moving through November 2020 but average sales price stayed consistent from October. Where we saw the biggest jump was from October 2019 to this year where the average sales price increased 15 per cent and the number of home sales increase 24 per cent over last year at the same time.

 

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.

To download the full breakdown for November 2020 CLICK HERE

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 November 2020 Market Data? Reach out to us at [email protected] .

 

 

The post Milton Real Estate Watch | November 2020 appeared first on Amy Flowers .

 

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