Health & Fitness
Milton's May 2013 Real Estate Market Report
Prices and Sales were up in May in the Milton real estate market.
As the weather turned warmer, the real estate market in Milton continued to heat up.
From May 1, 2013 - May 31, 2013, there were 32 single family homes sold in Milton*. The lowest priced home sold for $245,00.00 and the highest priced home sold for $3,000,000.00. The average sales price for this period was $648,070.00. The month of May 2013 saw the highest number of sales in Milton MA for the past five years during the month of May. The first chart attached shows home sales in Milton for the month of May over the past five years.
Low inventory and high demand has made it a Seller's market and that translated to an increase in prices in Milton for May 2013. The second chart attached shows average sales prices in Milton for the first quarter over the past five years for the month of May. Not only did May 2013 see a $3,000,000.00 house sell in Milton MA, there were 3 other homes that sold for over $1,000,000.00, bringing up May 2013's average home price.
As interest rates continue to inch up, buyers are rushing to find a home before the rates and prices put their dream home out of reach.
*All data is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not inlcuded in those numbers.
From May 1, 2013 - May 31, 2013, there were 32 single family homes sold in Milton*. The lowest priced home sold for $245,00.00 and the highest priced home sold for $3,000,000.00. The average sales price for this period was $648,070.00. The month of May 2013 saw the highest number of sales in Milton MA for the past five years during the month of May. The first chart attached shows home sales in Milton for the month of May over the past five years.
Low inventory and high demand has made it a Seller's market and that translated to an increase in prices in Milton for May 2013. The second chart attached shows average sales prices in Milton for the first quarter over the past five years for the month of May. Not only did May 2013 see a $3,000,000.00 house sell in Milton MA, there were 3 other homes that sold for over $1,000,000.00, bringing up May 2013's average home price.
As interest rates continue to inch up, buyers are rushing to find a home before the rates and prices put their dream home out of reach.
*All data is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not inlcuded in those numbers.
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About the Author: Christine Smith is a Realtor, Buyer's Agent, Attorney, social media fan, parent and Canton resident. She writes about real estate and events in the Canton area on her blog – Canton MA Events and Real Estate
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