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July 2019 Milton Market Data | The Amy Flowers Team

It’s here, the most comprehensive Real Estate Market Data report for July 2019 for the Town of Milton…

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As expected, real estate sales slowed slightly in the month of July, with the exception of semi-detached and condominium apartments. However, the number of sales still showing a 15 percent year over year increase, as well as a 4 percent increase in the average sale price.

Condominium sales saw the largest month over month sales, up 3.98 with an average sales price of $454,753.

2018 and 2019 July market comparisons

Interested in knowing what your home is worth in today’s market? CLICK HERE to find out how much you can get for your home.

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 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.

Interested in knowing what your home is worth in today’s market? CLICK HERE to find out how much you can get for your home.

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