Milford Home Sales Update | September, 2017 | Milford School District
Milford Homes For Sale
Milford Home Sales For 2017.
Milford home sales for the year is one of the most consistent throughout the county!
The biggest change is what is known as the absorption rate. This indicator shows whether it is a buyer or sellers market by comparing the number of sales to the current inventory of available homes. Homes in the Milford School District started the year at 3 which is a mild sellers market. I increase to 4.9 which is a balanced market and has ended the year at 2! That indicates a strong sellers market. The are two things to note.
The first is that the available number of homes has dropped while the number of closings hasn’t. In itself, this will cause the absorption rate to drop. That simply means buyers have to be serious when looking at homes and be ready to write an offer immediately.
The second is the little change there has been in the sale price over the year. Some districts saw a strong increase leaving the door open for a market adjustment. However, homes in the Milford School district started the year at an average sale price of $225,164 and saw approximately a 3% increase at year’s end. That is what was normal for our part of the country prior to the 2008 crash.
Check out the graph below for all the statistics.
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. Or use the simple EZ Form.
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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 Listings Pending Listings Sold Listings Avg List Price Avg Sold Price % of List
To Sale PriceAbsorption Rate
> 6 = Buyer's Market
< 5 = Seller's Market Avg Days
On Market
January, 2017 75 69 284 $311,690 $225,164 97.71% 3.0 28
February, 2017 72 110 256 $322,054 $220,537 97.27% 4.3 29
March, 2017 73 100 257 $313,552 $212,245 97.56% 4 28
April, 2017 73 113 255 $337,389 $218,194 97.76% 4.4 28
May, 2017 107 117 273 $334,048 $218,148 98% 4.92 28
June, 2017 101 95 314 $331,422 $222,558 98.26% 3.75 25
July, 2017 107 97 339 $323,223 $228,951 98.33% 3.6 23
August, 2017 93 79 324 $317,147 $242,944 98.42% 3.2 23
September, 2017 88 84 327 $327,060 $245,238 98.29% 3.2 22
October, 2017
November, 2017 65 55 350 $311,357 $235,978 97.93% 2.1 24
December, 2017 64 34 309 $315,098 $230,386 97.80% 2 26
