Jalaj’s Market Update for July 2020


Hi there guys, let’s get to you all caught up with Milton’s real estate market numbers for July. Starting with the number of homes getting listed for sale, there we saw a gain of 30% over July of 2019. When comparing to the start of this pandemic, there we have seen a gain 139% from April of this year. At the same time, the number of sales were reported to be 41% higher from July of 2019 and believe it or not, 208% higher from April of this year. With high numbers reported for both number of listings and sales, the average sale price was reported to be 14% higher from last year July and 15% higher from the start of this pandemic in April. To summarize, Milton’s real estate market has more than made up the lost ground from the start of this pandemic.  We definitely are in seller’s market with less than 1 month’s inventory and 76% sold to new listing ratio. Given low interest rates and high demand for homes, I feel this upwards trend is going to continue. You guys take care and we will talk soon.