Milton's real estate market remained strong through the third quarter of 2013.
From July 1, 2013 - September 30, 2013, there were 86 single family homes sold in Milton, MA*. The lowest priced home sold for $215,000.00 and the highest priced home sold for $2,100,000.00. The average sales price for this period was $587,086.00.
Third Quarter 2013 sales were up over Third Quarter 2012. Looking at the past five years, home sales for the third quarter in Milton MA were the highest in 2013 than any year in the past five years. The first chart attached shows home sales in Milton for the month of July over the past five years.
Home prices for the third quarter of 2013 were up from the third quarter of 2012. The second chart shows average sales prices in Milton for the month of July over the past five years. You can see that the third quarter of 2013 saw the highest average sales price for the past three years.
What does that mean for buyers and sellers?
The Milton Real Estate Market remains strong, with prices and sales remaining fairly steady. It continues to be more of a Seller's market with housing inventory remaining low. There are still Buyers out there looking so it is a great time to list your home for sale. Fall buyers are serious buyers.
For buyers, having a strong preapproval letter from a reputable lender and working with an experienced buyers agent who knows the local market will put you in a strong position. Rates, while fluctuating still are very low. The market typically slows down a little in the fall, making it a good time for buyers who are looking for a little less competition.
*All data is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not included in those numbers.
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About the Author: Christine Smith grew up in Milton. She is a Realtor, Buyer's Agent, Attorney, social media fan, parent and a Canton resident. She writes about real estate and events in the Canton area on her blog – Canton MA Events and Real Estate
