Milford Home Sales For 2017

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

Milford Homes For Sale

milford home sales

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.

I'd like to talk about selling my home...

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