Milton Real Estate Watch | September 2021
Milton Real Estate Watch for September 2021
Every year, we generally see an uptick in sales, average selling price and listings after Labour Day. Although the number of sales and was down, the average selling price was up both month-over-month and year-over-year.
TRREB’s MLS® System reported that 174 homes were sold in Milton last month, down from 212 in August and down from 284 last September.
The average selling price of a home in August was $1,128,493 a slight increase from $1,061,719 the month before and an increase of 23 per cent a year ago.
Click the link below to check out the full breakdown of what happened in Milton real estate market for September 2021.
To download the full breakdown for September 2021
CLICK HERE
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.
Sales to new listing ratio
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 September 2021 Market Data? Reach out to us at [email protected] .
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