Milton, MA 02186 Single Family Home Market Report Aug 2011

Single Family Active Listings: 118       Average List Price: $740,118     Average Market Time: 161.86

Here we see the vast majority of homes that are on the market in Milton are really actively on the market. With a smaller percentage in the Sold and Under Agreement status means that there is a lot of competition for the buyers making it still a buyers market. This hasn’t changed in the last many months.

Single Family Under Agreement Listings: 16       Average List Price: $506,888     Average Market Time: 75.81

Single Family Sold Listings: 17       Average List Price: $606,376       Average Sale Price: $577,912     Average Market Time: 170.41

This tells us a bit more.  With equal numbers of homes going under agreement and getting sold in the month gives some indication that the market is still strong for homes that are correctly prices.  The Average List Price to Sales Price ratio is a robust 95% which is good. This means that the homes are going on the market at the right price and being sold faster than the more expensively priced active homes currently on the market.

Single Family Expired Listings: 9       Average List Price: $457,911     Average Market Time: 164.89

Single Family Canceled Listings: 4       Average List Price: $669,950     Average Market Time: 222.00

Expired and Canceled listings are always a disappointment to all concerned.  The house was put on the market too high and the seller had no room to move is one scenario. The agent put the market on MLS and prayed that a buyer would walk through the door is another common scenario.  If your agent is not actively on a weekly basis promoting your property you might need a new agent in this aggressive market times like this.