Milford Home Sales – For August 2017

Milford Home Sales Update | August, 2017 | Milford School District

Milford Homes For Sale

milford home sales update

This month’s Milford Home Sales is yet another award winner!  It tied for first in one category and came in a close second in another.

The category where Milford tied with another Clermont County school district for the strongest number is known as the absorption rate.  That is the indication which looks at the total number of sales and determines how long it would take to sell the available homes.  When the number is below 5, it is a seller’s market and the strength of the seller’s market is determined by how far below 5 the number is.   Milford’s 3.2 which is a mild to moderate seller’s market.

Milford is also enjoying its shortest time on market of the calendar year.  The average time a home is taking to be under contract is only 23 days!  Throughout the calendar year, time on market has been low for the school district.  

When those numbers are combined with the year high average sale price of $242,944, beating last month’s $228,951, and the sale price to list price being at another high for the year of 98.42%, it paints a rather strong picture.   Setting higher numbers for the year is shared with other Clermont County school districts.  It does raise a little bit of the caution that the price jumped as much as it did.  When prices jump too fast, it sometimes can signal a “market adjustment” is on the horizon.  Right now, it appears that is not something to be overly concerned about unless prices continue to jump.

To see the reports for the other school districts, Click Here. Check out the graph below to see it for yourself.  If it is marketed correctly, your home should sell quickly.

If your home didn’t sell, let us know.  We specialize in selling homes other agents couldn’t.  Either call or text 513-201-7890 or Click Here.  We’d love to show you why we a top agent in Milford and Miami Township.

If you’d like to create your own specialized home search, Click Here!

Milford School District Market Update (Each month is the previous 6 months totals & averages)

 Active ListingsPending ListingsSold ListingsAvg List PriceAvg Sold Price% of List
To Sale Price
Absorption Rate
> 6 = Buyer's Market
< 5 = Seller's Market
Avg Days
On Market
January, 20177569284$311,690$225,16497.71%3.028
February, 201772110256$322,054$220,53797.27%4.329
March, 201773100257$313,552$212,24597.56%428
April, 201773113255$337,389$218,19497.76%4.428
May, 2017107117273$334,048$218,14898%4.9228
June, 201710195314$331,422$222,55898.26%3.7525
July, 201710797339$323,223$228,95198.33%3.623
August, 20179379324$317,147$242,94498.42%3.223
September, 20178884327$327,060$245,23898.29%3.222
October, 2017
November, 20176555350$311,357$235,97897.93%2.124
December, 20176434309$315,098$230,38697.80%226

 

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