Real Estate in Milton: A Seller's Market

There are still good signs for the Milton real estate housing market.

Many people have there opinions on the state of the housing market in each town, but the easiest way to understand current and future condition is to monitor the movements in the real estate absorption rate.

Mathematically, this is the measurement of current housing supply divided by the current rate of sales. This gives you the months of supply. For Milton, this number is going down. There is, as of  January 12, 2012, per MLS service, a four month supply for single family homes.

The standards for types of markets are as follows:

• Seller's Market: 1 to 5 months supply of homes
• Neutral Market:  6 months supply of homes
• Buyers Market: More than 6 months supply of homes