Milton, MA 02186 Single Family Home Housing Report September 2011

Milton, MA 02186 Single Family Home Housing Report September 2011  Last month there were 171 homes in play.  127 of them were in the Active status with 16 of those homes in a state of ready to move to Under Agreement.  There were only 8 homes Under Agreement with 25 homes sold in Milton last month.  With 8 Expired listings and 3 Canceled listings rounding out the numbers the activity was not robust but moving.

This is open house month and so it is not a surprise to see so many homes on the market.  With all these homes on the market you have to wonder if these people will be buying, renting, or just moving on to somewhere else. With interest rates still low it is clear that the uncertainity around the economy and jobs has people being more cautious than ever.

Single Family Active Listings: 127       Average List Price: $706,028     Average Market Time: 160.63

Single Family Under Agreement Listings: 8       Average List Price: $525,600     Average Market Time: 169.13

Single Family Sold Listings: 25       Average List Price: $534,404       Average Sale Price: $514,404     Average Market Time: 99.88

The Active and UAG homes seem to be on the market for a good deal of time while the Sold homes are going much quicker.  The Average list price to sale price of 96% means that the market is acting as it has the last several months. Brokers are listing houses fairly and with little negotiation when it is all over. This is the market acting normally.

Single Family Expired Listings: 8       Average List Price: $692,475     Average Market Time: 163.38

Single Family Canceled Listings: 3       Average List Price: $822,967     Average Market Time: 244.33

As you can see here, the Expired and Canceled homes are pricier, and on the market longer.  There can be two issues here: They were priced too high and the brokers were not doing a good job of marketing the homes.  If your agent is listing your property and hoping people come to see it, then they are not doing enough.  Your broker needs to be actively marketing your property on a weekly basis.  The list and pray days are long gone.