The Milford Homes For Sale Market Report

 

Another report, another stunning rise in Home prices. This graph is a great example of what you should see when you're going to get rising prices and improving home seller conditions. Let's look!

 

 

Note: The chart above updates automatically with each new post, so make sure the comments you are reading line up with the time the post was published.

What? That's not clear? Well, let me explain. The yellow line is home sales. Note that it doesn't really do anything that interesting. Sorta goes up, down, back up. It's pretty steady. But look at the green line. That line is homes currently on the market. It's going in one direction - down. Went up a little bit in July, but the trend is down. With fewer options - and the same number of buyers, pressure builds, and prices go up.

 

 

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So when we look at the data below, we see that - another 6.5 increase, and we don't have all the June data yet, and none of the July closings. I think I'm seeing a trend here, and it's going to make headlines if it holds up. We will know in the coming weeks!!

 

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

 

  • There are 60 homes listed as For Sale in Milford.
  • There have been 140 houses sold in the last 6 months, and 100 homes sold in the last 3 months.
  • The Average number of Days on Market was 85 days for just SOLD homes.

    Holy Snikes! It's July already.  Fireworks aren't the only

    thing exploding - so are Home Prices.
  • There is an Average Market Time of 107 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $148 (vs. $139)
  • There was an Average Sold Price of $282,816 for sold homes.
  • Milford, MA, has 1 properties (vs. 3 in the last report) advertised as lender owned/foreclosure (typically foreclosure) .
  • Milford has 3 properties (vs. 4) advertised as a short-sale is going to be needed by lender .
  • Milford “Home Seller Index” (HSI):132Last Report:111

 

 

*All statistics are for Single Family Houses and based on data in MLS. Note, there will be a some what artificial jump in the rankings as the active status flag is being phased out. (this is a good thing, but will screw up my data sets).

 

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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.

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