Grey, wet, & Cloudy; overcast and chilly. All great words to describe the weather this week, but none of them apply to the real estate market in milton ontario! It’s still pretty much a Seller’s market, with well-priced homes selling quickly with multiple offers. In fact, the average days to sell a home in Milton, adjusted to remove the anomalies of 89, 99, 134, & 390 days, is down to 9 days!
Here’s the Weekly Total Market Overview:
One thing I always look at when preparing these weekly updates is the price ranges that are most active, to see whether the activity is in the entry-level homes or the move-up price ranges. This week, the activity is firmly in the entry-level homes, which isn’t a surprise given that most lenders are still offering a 5-year mortgage at less than 4% interest rate.
To give you an overview of the listing and sales activity . . .
It’s absolutely fascinating to me that the number of available properties is remaining at such low levels; if ever there was a great time to move up, now is the time. I know that a lot of people will be kicking themselves for not taking advantage of this incredible opportunity once it has gone.
Here’s the Annual Summary of the Milton Ontario Real Estate Market:
And the Weekly Absorption Rate:
Yes, it’s been another interesting week in milton ontario real estate, trying to find well-priced houses to sell to highly-motivated buyers.
Look out for our Quarterly Update, coming sometime next week, once the data becomes available.
