Because we’re near the month end, there’s a whole lot of information in this post about the milton ontario real estate market, with my commentary sprinkled throughout.
I’m going to start off with the monthly summary, as released by the Oakville, Milton, & District Real Estate Board:
As you can see, and regular readers will have known for some time, all of the numbers except available listings, are up substantially over 2008′s numbers. That’s a double-edged sword, depending what side of the fence you are on – buyer or seller.
Next, I’ll show you the monthly averages, by house type. In these charts, DOM signifies Days on Market, or the number of days a property takes to sell from initial listing date to the date all conditions are removed from the offer.
This first table shows numbers for Condo Apartments in Milton Ontario:
Next, Condo Townhouses:
Next, Freehold Townhouses / Row Houses:
Then comes Semi-Detached Houses in milton ontario:
And finally, Detached & Link Homes:
As you can see, the market is significantly better for seller’s this year compared to last, and for buyers, the ‘better’ part comes from the low interest rates.
Here’s this week’s Total Market Overview:
You’ll notice the price range of $0 to $240,000 has a very long average days to sell – that is completely skewed by one property that was on-&-off the market for a few years.
Here’s the Annual Summary of Activity:
and the graphical representation:
GREAT numbers again this week, as is backed-up by the Absorption Rate information:
WOW – Same-Week 2008 we had a 47 week supply of houses compared to a 3-week supply of houses!
I’m switching over to a new format for market reports in January – a service provider will be compiling the information for me, while we will both be providing analysis; him from a technical standpoint and me from an in-the-trenches viewpoint.
As always, your comments are most welcome!
