Milton's Real Estate Landscape March 2025
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.”
Detached Homes
March 2025
New Listings: 178
Average Sales Price: $1,250,672
Number Sold: 42
Days on Market: 27
Semi-detached Homes
March 2025
New Listings: 41
Average Sales Price: $1,011,111
Number Sold: 9
Days on Market: 14
Townhomes
March 2025
New Listings: 102
Average Sales Price: $889,889
Number Sold: 40
Days on Market: 18
Condo Townhomes
March 2025
New Listings: 17
Average Sales Price: $814,167
Number Sold: 6
Days on Market: 44
Detached and Townhomes See Inventory Growth
Detached homes led new inventory with 178 listings, up 46% from February. Semi-detached homes more than doubled month-over-month with 41 new listings, and townhomes saw a 31% increase to 102 listings.
Condo apartments were the only category to dip slightly, with 54 units listed in March (down just 2% from February).
Federal Focus on Housing Encouraging
While national conversations have revolved around cross-border trade in the lead-up to the federal election,
housing remains a front-burner issue.
As
TRREB CEO John DiMichele shared,
“It has also been important to see that the federal parties continue to view housing as a key priority... Access to housing options that are affordable remains top-of-mind for all Canadians.”
Ready to Make Your Move?
With affordability improving and more homes hitting the market, this could be the perfect time to explore your options. Whether you're buying, selling, or just curious about your home's value, the Flowers Team is here to help.
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Contact the Flowers Team today to get expert advice, personalized service, and real results.
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