Milton Real Estate - Katherine Barnett, Broker

Milton's Market Watch May 2017

  • Katherine Barnett
  • 08 June 2017

After multiple record setting months for Milton's housing market so far this year, things have finally begun to slow down, mostly due to the government Fair Housing Plan implemented at the end of April. The average sale price for May 2017 was $775,828 up 20.5% when compared to May 2016, with an average of only 9 days on the market to sell.

The average sale price for a four bedroom detached was $984,883 three bedrooms detached $777,751, semi-detached $713,841 and townhouse came in at an average sale price of $623,346.

Inventory levels have risen dramatically and the strategy of offer dates and bidding wars has fallen. Many properties are selling with single offers and conditions, which was not frequently seen for months. If you are in the market to buy now might be a great opportunity.

With over 28 years of experience in the real estate industry in Milton and the surrounding area, it would be my pleasure to meet with you to discuss your real estate needs. Please contact me at 416-856-5161 or info@katherinebarnett.com.