Milton, MA Single Family Market Update 12/03/2019
It’s December 3, 2019 and we’re looking at the current Single Family Home market in Milton. The number of active listings right now in Milton is down 13 from this same time last year and sits at 41 total Single Family Home listings currently for sale. Among active listings in Milton, the average current days on market is 99. Last year the average time on market for actively listed Single Family Homes was 75, down 24 days from where it currently sits. Among active listings, the average list price is $1,627,502. This is an increase of $271,514 from last year at this time, a 20.02% change.
Over the past 90 days, there have been 65 total recorded Single Family Home sales in Milton. During the same period last year, there were 58 similar sales. That's an increase of 7 from this time a year ago. The average sale price for these transactions was $910,749 that is an increase of $126,271 from last year and was, on average, 98.4% of list price. Among the sold transactions the average time spent on the market was 53 days. This is an increase of 6 days from last year.
Today we're checking in on the Signal Index to see how the Milton market is currently fairing. Right now the Milton Single Family Home market's Signal Index sits at 140. This number is up 37 from last year. This means that the market getting better for buyers. The Signal Index is merely the number of Active Listings (41) added to the average days on market for these listings (99). This should reflect the general direction of a market by showing not only the current inventory but also the length of time they have been listed for sale.