Milton's Real Estate Landscape December 2024

Milton Real Estate Market Watch – March 2025 Affordability Improves While Inventory Grows: What Buyers Need to Know The Milton real estate market saw a shift in March 2025, bringing more affordability and increased inventory to the table. As borrowing costs eased and home prices edged lower compared to last year, homeownership became more attainable for many households considering a move. Prices Ease Year-Over-Year In March 2025, the average selling price in Milton was $989,662 , reflecting a 6.73% decrease compared to March 2024. The median sale price followed suit, dipping to $955,352 , down from $1,005,000 last year. While prices saw a modest month-over-month gain of 1.41% , the year-over-year dip is welcome news for buyers who were previously priced out. This trend offers a strategic opportunity for those looking to enter the market or move up, especially with interest rate cuts anticipated this spring . As TRREB President Elechia Barry-Sproule noted, “Homeownership has become more affordable over the past 12 months, and we expect further rate cuts this spring. Buyers will also benefit from increased choice, giving them greater negotiating power.” Sales-to-New-Listings Ratio Signals a Buyer’s Market With a sales-to-new-listings ratio of just 0.28 , the Milton market is firmly in buyer’s territory . This figure is down from 0.33 in February and far below the 0.60 threshold that typically indicates a seller's market. Buyers are clearly being cautious — and for good reason. According to TRREB’s Chief Information Officer Jason Mercer ,  “Given the current trade uncertainty and the upcoming federal election, many households are likely taking a wait-and-see approach... Home buyers need to feel their employment situation is solid before committing to monthly mortgage payments over the long term.”