Milton MA Home Sales Report for May 2014

Real Estate Agent with Buyers Brokers Only LLC - MA Broker Lic 148149

The Milton MA home market has taken a dip in sales since last year.  But the prices have remained pretty steady, even in the multi-million dollar price range.  Let's take a look at the Milton MA home sales report for May 2014 to see what I mean.

Milton MA Home Sales Report - Total Homes Sold in May 2010 to 2014

There were a total of 25 Milton MA homes sold in May 2014, a 21.9% decrease from the same time last year.  This is in keeping with last month's total sales year-over-year decrease of 21%.  The single-family homes sold in Milton MA in May 2014 ranged from a 2 bed/2 bath ranch-style home that sold for $307,000 after 41 days on the market to a 4 bed/3 bath Cape-style home in Indian Cliffs Estates that sold for $1,400,000 after 171 days on the market.  One of the three $1M+ homes sold last month did so after just 47 days on market.

Milton MA Home Sales Report - Ave Sales Price of Homes Sold in May 2010 to 2014

The average sales price for a Milton MA home decreased a slight 3% from last year (from $648,070 in May 2013 to $628,930 in May 2014).  Buyers definitely want to live here.  Of the 25 homes sold in Milton MA last month, nine of them had a final sales price of at or above the listing price.  The average days a Milton MA home spent on the market decreased significantly (53.4%): from 131 to 70.

The severe weather we experienced here in the Northeast earlier this year appears to have put a damper on total sales in the Milton MA home market for 2014.  We continue to see the highest demand from Milton MA home buyers in the $400,000 to $600,000 price range.  When you're ready to find your next home, feel free to contact your Milton MA Buyer Broker.

*All data used in this blog post is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not included in those numbers.

Christine Smith, Buyers Brokers Only LLC - Your Exclusive Buyer Agent in Norfolk County

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David Saks
(retired) - Memphis, TN

Great information for those who need to be "in-the-know" !

Jun 13, 2014 01:03 AM #1
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