Transcript:
Hey folks, this past month, things have leveled off to a degree for Milton’s real estate market. Looking at this graph we see prices were up 37% from last year May. However, when we look at the last two months, prices have been holding steady. As we go through the number of listings and sales, we see both of them are somewhat down. Number of listings were down by 17% from just a month ago and number of sales by 9%. It is worth to point out the numbers seen in March were unprecedented and mostly a result of a huge pent-up demand from previous few months and lack of supply. We ended May with 204 total active listings giving us 0.7 months of inventory, which is slightly up from previous months, indicating slowly increasing supply levels. Moving ahead, we are likely to see prices remain stable as listings steadily come on the market coupled with more traditional and reasonable sales activity. You take care and talk soon.