Mar. 23, 2009 - Milton Real Estate Total Market Overview
This past week in real estate has been a little slower than previous weeks, as might be expected, given that it is March Break in the schools. I had thought that things might not change much, in the expectation that many people would not be going away, but all indications are that people either went away or spent the time doing stuff locally. Excellent!
Take a look at what's been happening the last 6 months in town:
| Milton Total Market Overview Weekly Summary |
| |
Number of Active Listings |
Number of Pendings |
Pending Ratio |
Number of Exired Listings |
Average List Price of Solds |
Average Sold Price |
List to Sales Ratio |
Days on Market |
EXPIRY RATE |
| 09/05/2008 |
467 |
15 |
0.032 |
33 |
$ 343,017.63 |
$ 336,665.63 |
98.15% |
48 |
6.80% |
| 09/12/2008 |
469 |
14 |
0.030 |
0 |
$ 419,733.67 |
$ 410,777.67 |
97.87% |
31 |
0.0% |
| 09/19/2008 |
491 |
23 |
0.047 |
20 |
$ 339,056.88 |
$ 333,725.88 |
98.43% |
55 |
3.9% |
| 09/26/2008 |
494 |
17 |
0.034 |
12 |
$ 410,352.29 |
$ 399,207.00 |
97.28% |
48 |
2.3% |
| 10/03/2008 |
489 |
9 |
0.018 |
0 |
$ 356,016.67 |
$ 347,807.33 |
97.69% |
40 |
0.0% |
| 10/10/2008 |
514 |
8 |
0.016 |
19 |
$ 298,940.00 |
$ 291,800.00 |
97.61% |
30 |
3.6% |
| 10/17/2008 |
521 |
16 |
0.031 |
16 |
$ 380,212.50 |
$ 368,033.25 |
96.80% |
49 |
3.0% |
| 10/24/2008 |
527 |
11 |
0.021 |
15 |
$ 331,671.43 |
$ 323,631.28 |
97.58% |
39 |
2.8% |
| 10/31/2008 |
547 |
7 |
0.013 |
19 |
$ 342,037.50 |
$ 334,500.00 |
97.80% |
46 |
3.4% |
| 11/07/2008 |
529 |
20 |
0.038 |
30 |
$ 318,858.50 |
$ 310,715.17 |
97.45% |
50 |
5.5% |
| 11/14/2008 |
525 |
10 |
0.019 |
0 |
$ 321,006.80 |
$ 311,413.40 |
97.01% |
46 |
0.0% |
| 11/21/2008 |
561 |
9 |
0.016 |
0 |
$ 318,580.00 |
$ 309,716.60 |
97.22% |
43 |
0.0% |
| 11/28/2008 |
545 |
18 |
0.033 |
0 |
$ 287,979.85 |
$ 277,485.00 |
96.36% |
38 |
0.0% |
| 12/05/2008 |
521 |
11 |
0.021 |
11 |
$ 318,250.00 |
$ 308,620.83 |
96.97% |
40 |
2.1% |
| 12/12/2008 |
476 |
14 |
0.029 |
0 |
$ 319,674.00 |
$ 307,444.45 |
96.17% |
57 |
0.0% |
| 12/19/2008 |
399 |
9 |
0.023 |
20 |
$ 349,792.86 |
$ 333,342.86 |
95.30% |
46 |
4.9% |
| 12/26/2008 |
389 |
0 |
0.000 |
16 |
$
|
$
|
|
0 |
4.1% |
| 01/02/2009 |
358 |
6 |
0.017 |
28 |
$ 313,741.67 |
$ 304,816.67 |
97.16% |
49 |
7.7% |
| 01/09/2009 |
362 |
6 |
0.017 |
24 |
$ 338,644.33 |
$ 328,111.00 |
96.89% |
76 |
6.5% |
| 01/16/2009 |
360 |
11 |
0.031 |
27 |
$ 359,974.29 |
$ 347,075.71 |
96.42% |
71 |
7.3% |
| 01/23/2009 |
357 |
23 |
0.064 |
21 |
$ 365,862.00 |
$ 350,430.00 |
95.78% |
106 |
5.5% |
| 01/30/2009 |
346 |
14 |
0.040 |
27 |
$ 335,616.71 |
$ 326,761.86 |
97.36% |
96 |
7.5% |
| 02/06/2009 |
335 |
7 |
0.021 |
28 |
$ 328,030.00 |
$ 315,700.00 |
96.24% |
62 |
8.2% |
| 02/13/2009 |
353 |
24 |
0.068 |
21 |
$ 301,995.00 |
$ 294,066.50 |
97.37% |
32 |
5.6% |
| 02/20/2009 |
314 |
24 |
0.076 |
12 |
$ 358,898.38 |
$ 348,548.00 |
97.12% |
29 |
3.6% |
| 02/27/2009 |
375 |
19 |
0.051 |
18 |
$ 351,070.00 |
$ 340,443.83 |
96.97% |
35 |
4.6% |
| 03/06/2009 |
404 |
24 |
0.059 |
14 |
$ 354,792.22 |
$ 339,152.33 |
95.59% |
51 |
3.3% |
| 03/13/2009 |
408 |
23 |
0.056 |
0 |
$ 335,486.75 |
$ 328,904.75 |
98.04% |
61 |
0.0% |
| 03/20/2009 |
400 |
17 |
0.043 |
9 |
$ 375,907.33 |
$ 368,224.11 |
97.96% |
37 |
2.2% |
As you can see, the number of available properties has fluctuated pretty wildly; it will be interesting to see what happens over the next couple of months. I tend to think that, with the ongoing tightness of mortgage funds, supply will stay around these levels as buyers pick and choose very carefully.
For the latest issue of the Milton Total Market Overview, click here
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