Jalaj’s Market Update for February 2021


Hello everyone, as we get into spring, the real estate market in Milton is getting active in all aspects. Last month, listings were up by 75% from February of 2020 and 120% from just a month ago. Sales were also up by 61% from last year and 103% from January of this year. Even with 175 total active listings we are still finding ourselves with about a half a month’s of inventory on the market. Prices are up by 27% from a year ago and this pace of increase is still going steady. To put things into perspective, prices have jumped by 11% from November of 2020 alone. In a nutshell with the increase in the number of listings as we saw happen this past month, the price increases might taper off somewhat, but the bidding wars are not going to disappear. You all take care and we will talk soon.