Milton WA October 2012 monthly home sales stats
Four home sale closed in the month of October 2012 in Milton WA.
Here are the details of the four Milton WA home sales-The average sold price was $175,500.
The original list price was $169,725.
The houses were on the market for 98 days before it received a contract.
The sellers received 102.07% of asking price.
Average price per square foot was $108.59.
The houses were built between 1940 and 2002.
There are six homes in Milton that went under contract in October. In total there are 13 homes under contract. Of the 13, three are short sales and are awaiting lien holder approval for the short sale.
There are currently only 12 single family homes for sale in Milton. They range in price from $88,200 to $649,950. If no other homes are put up for sale, based on the current absorption rate, it would take approximately 1.9 months for all the homes to be sold in Milton WA. What this means to you - a home buyer or seller in Milton? 6+ months of inventory means it's a buyer's market. 6-4 months of inventory means it's a balanced market. Under 4 months supply of homes means it's a seller's market. It is a Seller's Market in Milton, WA. Now is the time to sell if you are looking to downsize or upsize your Milton home!
The first chart is the supply and demand of the Milton housing market. The red lines are the available homes for sale. The dark blue lines are the houses under contract. And the green lines are the home sales that closed (or sold).
The second chart is the months supply of inventory. Most months it is well below six months supply.
If you are interested in other area stats besides Milton WA October 2012 Monthly Home Sales Stats, just let me know and I'd be happy to pull the stats for you.
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