Jalaj’s Market Update for July 2018

How is Milton real estate shaping up in July?

The long and short of it – the real estate market in Milton is stable. But if you’re buying or selling a home, there’s a little more to it than that.

Tune in for this month’s market update and see how the market can work for your family.

Video Transcription

Hi there guys, with the first half of 2018 under the wraps, let me give you a brief rundown of how things have shaped up so far.

So when you look at the number of new listings that have come up on the market so far, you are going to see that yes, in the month of June, we were down by about 32 percent compared to last year June. However, when you look at the bar graph you are going to see that we have consistently had about 350 new listings come up on the market every single month for the last four to five months. Moving on to the number of sales, same thing, the number of sales are down by about 5 percent, but for the last four to five months, we have had close to about 200 sales every single month for the last four to five months. When we shift our focus on the average sale price you are going to see the same thing, prices are down by about 7 percent, but when you look at the bar graph you are going to see the average sale price has hovered around $700,000 for the last 4 to 5 months.

So the theme that you have seen, develop so far for the first half of this year, is a steady market, and we think, for the remaining of this year we are going to see the same thing, that is a steady balanced market for Milton. If you have any questions, give us a call or message us. Thank you!!