Milford Housing Market Statistics Overview
Sales are still outpacing active properties, but at a slower rate, and looks to be heading to even, so we see a slightly cooler market in Milford in this report. It's still neutral, not favoring buyers or sellers, so that means that popular homes in popular spots are receiving lots of attention, and homes that don't offer as much location or condition features are languishing on the market until the price gets down. I'm excited that I get to start reporting on $ foot differentials from report to report, even though the moves will often be quite small. Milford moved just $1 up, showing how stable these numbers can be. Compared to last year, the market is better for sellers - but not too much.
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Both foreclosures and short-sales are up sharply, so count Milford among the towns where you're likely to be looking at lender impacted property. With 26 of the 87 homes on the market having lenders make the final decision, they're hard to avoid. Most are short-sales, but 10% are foreclosures, and those foreclosures will keep a lid on prices.
Milford Housing Market Statistics - Raw MLS Data
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Milford is holding steady, but homes that don't involve banks are harder to find. |
- There are 87 homes (vs. 99 in the last Milford Real Estate Report for Home Buyers and Sellers) listed as For Sale.
- There have been 96 houses sold (vs. 126) in the last 6 months, and 49 homes sold (vs. 61) in the last 3 months.
- There was an Average Market Time of 122 days (vs. 117) for just SOLD homes.
- There is an Average Market Time of 155 days (vs. 142) of the homes For Sale.
- The Dollars paid per Square Foot in Milford is $145 (vs. ) $144
- There was an Average Sold Price of $257,383 for sold homes.
- Milford has 9 properties advertised (vs. 6) as lender owned/foreclosure (typically foreclosure) .
- Milford has 17 properties advertised (vs. 15) as short sales required by lender .
- Milford “Hot Seller Index” (HSI): 80 Last Report: 85
*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.
