Milford, MA Home Sales and Real Estate Market Report (2019)

July

The Milford Homes For Sale Market Report

In Milford, we have another price trend cross - where prices paid went above prices asked.  This usually happens when buyers start to get picky about condition, and are happy to pay ask for good condition properties, but won't purchase overpriced homes that need work, even through they are a "little bit" less expensive than other properties.  That usually means sale prices will head down - and they are - as the inventory that's out there cuts prices.

Can’t see the chart? You can find it Here .

Same same, in Milford.  Small rise in inventories, drop in transactions, and big drop in HSI.  The best of the seller market is behind us. 

What should potential home buyers do in Milford?

Home buyers will find a slightly more accommodating market.  Things are still moving quickly, and prices are moving up. But it won't be like last year, where buyers were litterally getting priced out. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Milford?

Prices have climbed almost 40% from when we started tracking, so prices are very healthy in Milford.  Investors are getting near top dollar, and home sellers are too.  If you're thinking about selling, it is a good time to take advantage of the rise in prices. 

Milford Homes For Sale and Sold Market Statistics - MLS Data

  • The Milford “Home Seller Index” (HSI): 238 Last Report: 330
  • There are 28 homes currently listed as For Sale by Home Sellers.
  • In Milford there have been 143 houses sold in the last 6 months, and 103 homes sold in the last 3 months.
  • The Average number of Days on Market (DOM) was 49 days for the last 6 months of SOLD homes In Milford.
  • Homes for sale have been looking for buyers for an average of 40 days (the homes currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $190 (vs. $192 in the last report)
  • Current home sellers are looking for $195/sq foot
  • There was an Average Sold Price of $349,071.
  • Milford, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Top Reads at Heisler & Mattson Properties