Milford Housing Market Statistics Overview

Milford checks in with a stronger report. This market is tilting towards sellers, and we see strength in virtually every number. The market is still evenly balanced, but if inventory continues to decline and sales continue to improve, it will tip. To review, with 99 active homes, that's pretty tight. Further, sales have continued to rise, so sales are now outpacing actives 5 to 4. Total sales are up, and average market time is down, again showing a buyers willingness to purchase property. Low prices are pulling buyers, with $/sq foot in Milford at $144, that's good value to be near 495 and the pike.

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The homes for sale is actually much tighter than the 99 would indicate, as there are 21 homes that are lender driven- either foreclosure or short-sale.  The short-sales are down a bit, and the foreclosures are up a bit, but either way, you're looking at 20 % of the property being controlled by banks and not by sellers.  Many buyers will steer clear of short-sales and foreclosures in this market, leaving just 75 homes for sale in this town of 25,000 people.  That's a recipe for price appreciation folks!

Milford Housing Market Statistics - Raw MLS Data

 

Milford is starting to favor sellers,

and that's no bull.

 

  • There are 99 homes (vs. 122 in the last Milford Home Sales Report) listed as For Sale.
  • There have been 126 houses sold (vs. 109) in the last 6 months, and 61 homes sold in the last 3 months.
  • There was an Average Market Time of 117 days for just SOLD homes.
  • There is an Average Market Time of 142 days of the homes For Sale.
  • The Dollars paid per Square Foot in Milford is $144
  • There was an Average Sold Price of $267,108 for sold homes.
  • Milford has 6 properties (vs. 4) advertised as lender owned (typically foreclosure) .
  • Milford has 15 properties (vs. 17) advertised as short sales required by lender .
  • Milford “Hot Seller Index”: 85 Last Report: 81

 

 

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

 

Read my Explanation for Massachusetts Home Data Reports.

 

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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.