Jalaj’s Market Update for March

Video Transcription

Good morning guys, we have our second market update ready for you for the Milton real estate for 2019. In the month of February, we saw a slight increase in the number of new listings, that number was up by about 2% over last year. Looking at the total number of sales, that jumped up by about 10%.

Now looking at month over month comparison, we do see a growing trend of more listings and more sales, both an indicator of the upcoming spring market. The average sale price didn’t change by much, it went up by 1% over last year. With a total of 251 active listings for the month of February, we have about 1.7 months of inventory on the market at the present time. 58% sold to new listing ratio, is an indicator of balanced market conditions, and we feel these conditions are going to persist in the near immediate future.

Feel free to give us a call, or message us with any of your questions.

Thanks so much!