The Milford Homes For Sale Market Report

 

The Milford Housing Chart looks all squiggly; is there any pattern here? There is. Focus on the green line. It basically is going down, pretty quickly. That's the number of homes for sale, and Milford is starting to run out of them. Strangely, prices have taken a breather, but that should be a short-term event (it's not a big drop, but bigger than you would expect given the decline of inventory.) Home Buyers have probably been focusing elsewhere, but they'll likely come back to Milford before long.

 

 

Also note the Red Line, which tracks my Home Seller Index. That has been moving upward, and today's report sets a record for Milford, at a super charged 111. It's not Natick, but who is? Home Sellers will get lots of traffic this spring, and even homes that need some work will get good offers.

 

In another positive development, short-sale and foreclosures are way down in Milford. There were sixteen bank impacted properties just two reports ago, and now we are down to just 7 - less than half.

 

Milford Houses For Sale and Sold Market Statistics - Raw MLS Data

 

• There are 50 homes listed as For Sale in Milford.
• There have been 105 houses sold in the last 6 months, and 55 homes sold in the last 3 months.

  Milford's Town Hall is dressed to impress. Lately, buyers have noticed.

• The Average number of Days on Market was 108 days for just SOLD homes.
• There is an Average Market Time of 139 days of the homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $139 (vs. $144 )
• There was an Average Sold Price of $245,149 for sold homes.
• Milford has 3 properties (vs. 5 in the last report)advertised as lender owned/foreclosure (typically foreclosure) .
• Milford has 4 properties (vs. 6) advertised as a short-sale is going to be needed by lender .
• Milford “Home Seller Index” (HSI):111Last Report:103

 

 

*All statistics are for Single Family Houses and based on data in MLS.

 

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About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

Do Good Things Today! Matt Heisler

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.