Jalaj’s Market Update for February

Video Transcription

Hi there everyone, with the first month of the year already in the books, let’s get you caught up with the Milton Real Estate market for the month of January.

The year started off at a brisk pace. We had more number of new listings and more number of sales, both were higher by about 27 and 26 percent respectively, compared to last year January. Looking at the average sale price, that came in higher by about 16%. In fact what we are seeing at present time is a lot of listings are selling at or above list price and in multiple offers. Main reason for that is there are not enough homes currently on the market to meet the demands of the buyers. With total 244 active listings on the market for the month of January, we have about two months of inventory at the present time. If this trend keeps up, we feel we are going to have an active and a busy spring market.

As always, feel free to give us a call or message us with any of your questions. Thanks so much!!