Milford Home Sales Update For July 2017

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

Milford Homes For Sale

milford home sales update

This month’s Milford Home Sales Update is another award winner!  There are new records in several categories.

The number of days it takes for a home has dropped to a new low for this calendar year.  It is taking on average 23 days for a home to sell.  That isn’t a tremendous drop, however, it continues on a very strong path which should make a home seller smile!

Of particular interest is the absorption rate, otherwise known as the indicator whether it is a buyer or seller market.  With a number like 3.6, it is nice seller’s market.  While not a strong one, there number shows that the selection of homes do not stay in circulation very long meaning buyers must be ready to act on a home that they like.

Another great indicator is the average sale price is also at its highest for the calendar year.  At $228,951, it beat last month’s average sale price of $222,558.  When that is mixed with the news that homes are selling for 98.33% of asking price, sellers should be smiling all the way to the bank.

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.

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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Milford Home Sales Update
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