Milton Real Estate Watch | October 2020 – Elevate Your Home in Milton and Make Your Dreams Come True!

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Milton Real Estate Watch | October 2020 – Elevate Your Home in Milton and Make Your Dreams Come True!

Milton Real Estate Watch for October 2020

The number of Milton Real Estate home sales were slightly lower moving through October 2020 but average sales price inched up 1 per cent from September. Where we saw the biggest jump was from October 2019 to this year where the average sales price increased 15 per cent and the number of home sales increase 33 per cent over last year at the same time.

Whether you are considering selling, refinancing or just staying put in your home, now is the time to get a home evaluation!  

CLICK HERE

 to set up a FREE home evaluation to find out how much your home is worth in today’s market.

To download the full breakdown for October 2020
CLICK HERE

Sales to new listing ratio

A real estate market never heads in just one direction. Several key factors can drastically influence the direction of the market including mortgage interest rates, employment levels/growth, investment growth, immigration and development. These factors can influence whether we are it is a 

buyer’s market

 or a 

seller’s market

.

buyer’s market

 exists when there are significantly more homes for sale than there are buyers. The typical end results in a drop in median sale prices over time as homeowners adjust their expectations to the current market conditions.

seller’s market

 typically exists when interest rates are low are there are plenty of qualified buyers and not as many homes for sale. Buyers must react quickly and often face multiple offer situations. Prices generally rise under these circumstances.

 





Looking to buy? Have a look at


current listings


. Questions about the October 2020 Market Data? Reach out to us at


homes@amyflowers.ca


.


 




 




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Milton Real Estate Watch | October 2020 – Real estate sales in Milton
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