Jalaj’s Market Update for May



Hey guys, having looked through the numbers for the month of April for Milton Real Estate, we are seeing positive signs all across the board. Number of new listings that came up on the market were up by 8% over April 2018. Total number of sales showed a robust gain of 36% over last year. Average sale price has been going up month over month for the last couple of months, and it also showed a gain of 3% over last year. With all these positive signs out there, there is one area that we need to keep an eye on and that is total number of active listings. For the month of April, that number was 312, giving us 1.2 months of inventory on the market. With 65% Sold to New listing ratio, and some of the homes selling in multiple offers in different price ranges, we are seeing somewhat of a sellers market conditions. Our hope is with more listings coming up on the market, we might return to balanced market conditions, otherwise we will see more of the same. Give us a call or message us with any of your questions, thanks so much!! Home is where your story begins…..