Transcription
And just like that we are at the end of 2019, and we are here with our final update for Milton Real Estate for this year. What a stark difference in prices from 2018!! When you look at month over month comparison, you are going to see a gain of 13% from last year. Shifting our focus to year-to-date numbers, we see a gain of 5% from last year and 3% from 2017. The main driving force behind this increase in prices has been the lack of inventory, and for the month of November that number dropped by 22%. While the inventory levels remain low, the demand from potential buyers remains high, and for the month of November, we saw a gain of 29% in the number of sales. With total of 137 active listings, we have less than one months of inventory on the market. With a ratio of 101% for sold to new listings, we are definitely sitting in sellers market. If this trend keeps up, we are headed in for some interesting times. Feel free to give me a call or message me with any of your questions. Thank you!