November 2011 Market Report for Milton MA

For the period of November 1, 2011 through November 30, 2011, there were 21 single family homes sold in Milton MA. That is the same number of single family homes sold in Milton in October 2011. The median price for November 2011 was $415,000.00, with a low of $278,199.00 and a high of $1,070,000.00. The late fall and winter tend to be slower than the spring months so I always like to compare to the same month of the prior year. Number of sales was way up from the 12 homes sold in November 2010 but the median price was down.

The median price is obviously affected by the actual prices of sold homes during any given month. Milton has a variety of inventory with lows averaging in the mid to upper $200,000s to million dollar properties, and a lot in between. The sale - or lack of sale - of a million dollar home in any given time period will impact the median price. It is also interesting that in the year of the lowest number of sales (November 2010) had the highest median price.

For home sellers, the high number of sales is good news. There are people out there buying homes. The median home price number does indicate, however, that buyers are negotiating those prices and not willing to pay above market value.

For home buyers, Milton remains a town where people are interested in moving, due to the good schools, proximity to Boston, good quality of life and the status of number two small town in the country. The market is holding its own, adding another reason why people like to buy homes in Milton MA.

Stay tuned for a year end review of the 2011 real estate market in Milton MA!

If you are considering buying a home in Milton MA in 2012, contact your Milton MA Buyer Broker. I will help you through the process from beginning to end, always putting the buyers interests first.

*All numbers taken courtesy of MLS Property Information Network, Inc.