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Milton MA Single Family Market Report Jan 2020

Milton MA real estate

Milton MA Single Family Market Report Jan 2020. This report is from our local MLSPIN which includes all properties on the market using the MLS. There are some For Sale By Owners (FSBO) that are not included. You can find those homes on Zillow, Craigs List and other platforms not affiliated with professional real estate. There are 60 properties on this months list

Single Family New Listings: 3 Median Liv. Area SqFt: 1,746 Median List $: $625,000 Median List $/SqFt: $374 Median DOM: 1

Single Family Active Listings: 21 Median Liv. Area SqFt: 4,031 Median List $: $1,295,000 Median List $/SqFt: $357 Median DOM: 96

So 24 homes are actively on the market now.

Single Family Contingent Listings: 5 Median Liv. Area SqFt: 3,822 Median List $: $1,079,000 Median List $/SqFt: $339 Median DOM: 12 Median DTO: 6

Single Family Under Agreement Listings: 11 Median Liv. Area SqFt: 2,503 Median List $: $1,065,000 Median List $/SqFt: $327 Median DOM: 60 Median DTO: 45

These are the homes that will be sold next month, there are 16 of these homes.

Single Family Sold Listings: 13 Median Liv. Area SqFt: 1,863 Median List $: $687,000 Median List $/SqFt: $405 Median DOM: 27 Median DTO: 11 Median Sale $: $700,000 Median Sale $/SqFt: $408

With 13 SOLD and next month a possible 16 to be sold, there is less than 2 months inventory of Active houses. This is a Sellers Market by definition.  6 months of inventory is a normal market.

Single Family Temporarily Withdrawn Listings: 6 Median Liv. Area SqFt: 2,448 Median List $: $964,500 Median List $/SqFt: $424 Median DOM: 62

Single Family Expired Listings: 1 Median Liv. Area SqFt: 2,802 Median List $: $1,049,000 Median List $/SqFt: $374 Median DOM: 163

These homes withdrawn from the market or expired are those listings that suffered from too high a price for the property or an agent who does not know how to get as many people looking at the property and interested in it to make an offer. These issues are correctable when you work with a professional who can guide you through the process and has a proven record of getting the most for his properties. This has been the Milton MA Single Family Market Report Jan 2020