Milford Housing Market Statistics Overview

 

Milford is showing some interesting data in this home sales report. Prices seem to be down significantly, as homes are selling at a lower $/sq foot, but buyers have responded by snapping up homes quickly, pushing the Days on Market down to the point where it's getting close to a hot market. Usually, we see any DOM under 100 resulting in a hot market, or HSI above 90, and here we see the HSI at 88 moving north quickly. Sellers should be seeing very good traffic, and if they aren't getting results, don't blame the market. Buyers should be prepared that desirable homes could go competitive - the homes could get multiple offers - and should move quickly to avoid that scenario.

 

 

The bank impacted inventory is down, but still significant, with 24 properties (about 25% of the market) being either short sales or foreclosures. The picture is improving though, and a couple of more reports like this one and we may see that number get cut significantly.

 

 

Milford Housing Market Statistics - Raw MLS Data

 

Buyers may have to sharpen their pencils to buy a home in Milford.

 

• There are 103 homes (vs. 87 in the last Milford Home For Sale report) listed as For Sale.
• There have been 111 houses sold (vs. 96) in the last 6 months, and 70 homes sold (vs. 49) in the last 3 months.
• There was an Average Market Time of 104 days (vs. 122) for just SOLD homes.
• There is an Average Market Time of 127 days of the homes For Sale.
• The Dollars paid per Square Foot in Milford is $130 (vs. $145 )
• There was an Average Sold Price of $231,191 for sold homes.
• Milford has 8 properties (vs. 9) advertised as lender owned/foreclosure (typically foreclosure) .
• Milford, MA has 16 properties (vs. 17) advertised as short sale is going to be needed by lender .
• Milford “Hot Seller Index” (HSI): 88 Last Report: 80

 

 

*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.

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.