So, before you see the numbers, do you think we’ve entered the traditional December slowdown period yet? Milton Ontario Real Estate usually slows right down, although far less that in the 1980′s & 1990′s.
Here’s the chart for the Total Market Overview, by price range:
As the chart above reveals, the number of sales has indeed slowed in comparison to the last couple of weeks, and the average price range of activity is much lower. Comparison to the same period last year might tell more of a story?
Nope – the number of listings year-over-year is down by 330 properties, but the number of sales is up by 50%. Not only that, the average price is up by 30%, so I think it is safe to say that milton ontario real estate is still thriving.
But what about the absorption rate?
Obviously, there’s still a pretty dire shortage of listings. It is always interesting to me that whenever there is a shortage of listing, more and more people decide to sell themselves. I give them full credit for trying, I really do. What I don’t understand is why they go and spend $1,000 on one of those companies who does nothing for them, and then in 3 weeks, list with an agent. I don’t understand, from a financial standpoint, why people sell privately when national statistics show that people who use a Realtor sell for an average 11% more. However, it is their right and I respect them for wanting to try it.
Finally, here’s the graph of the Annual Summary of Weekly Numbers:
