Jalaj’s market update for June 2023



The increasing interest rates in the past year have impacted the housing market everywhere including Milton, but it still continues to remain a strong sector of the economy. Prices have remained stable for the first half of the year. While they have not reached the peaks of 2022, we have seen a marginal growth of about 5% from the start of the year. This trend can be attributed to a number of factors, including a shortage of available housing inventory, constantly increasing immigration levels, and an increase in demand for homes. All in all, this has kept the prices higher than years prior to 2022. This is heartening news for homeowners who may be looking to sell, but with not enough supply, it can be challenging for those looking to buy a home. However, with the right strategy and guidance from a knowledgeable real estate agent, it is still possible to find a great home at an affordable price.