Milton Real Estate Watch | January 2021

Milton Real Estate Watch for January 2021

Spring Market has arrived early! The number of Milton Real Estate home sales were increased marginally during January 2021  but where we saw the biggest jump was in the number of new listings; up 50 percent from December 2020. In comparison to January 2020, there was a significant increase in the average sales price of 21 per cent and the number of home sales increase 35 per cent over last year at the same time.

Whether you are considering selling, refinancing or just staying put in your home, now is the time to get a home evaluation!   CLICK HERE  to set up a FREE home evaluation to find out how much your home is worth in today’s market.

To download the full breakdown for January 2021  CLICK HERE

A real estate market never heads in just one direction. Several key factors can drastically influence the direction of the market including mortgage interest rates, employment levels/growth, investment growth, immigration and development. These factors can influence whether we are it is a  buyer’s market  or a  seller’s market .

A  buyer’s market  exists when there are significantly more homes for sale than there are buyers. The typical end results in a drop in median sale prices over time as homeowners adjust their expectations to the current market conditions.

A  seller’s market  typically exists when interest rates are low are there are plenty of qualified buyers and not as many homes for sale. Buyers must react quickly and often face multiple offer situations. Prices generally rise under these circumstances.

Looking to buy? Have a look at current listings . Questions about the December 2020 Market Data? Reach out to us at homes@flowersteam.ca .

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