Real Estate REAL slow in Milford for real estate
Despite the nice weather we've had the last two weekends the Milford market hasn't taken off like what we've experienced in previous years.
In the first-time buyer and move-up buyer markets there are about 213 homes on the market.
And in all of last year there were about 138 closed purchases in that market.
More than a year of inventory.
So the current inventory of homes priced from about $100K to $550K is more than a year's supply.
In the luxury home market (Prices about about $550K) we see there were about 10 homes that sold last year in Milford.
Now there are 50 luxury homes on the market here. (Many lots & custom builds.) So that is about 5 years worth of inventory.
It is certainly not a good time to sell your luxury home in Milford. On the other hand, it is a potentially great time to buy one. If, you have a real estate company on your side.
In the first-time buyer and move-up buyer markets there are about 213 homes on the market.
And in all of last year there were about 138 closed purchases in that market.
More than a year of inventory.
So the current inventory of homes priced from about $100K to $550K is more than a year's supply.
In the luxury home market (Prices about about $550K) we see there were about 10 homes that sold last year in Milford.
Now there are 50 luxury homes on the market here. (Many lots & custom builds.) So that is about 5 years worth of inventory.
It is certainly not a good time to sell your luxury home in Milford. On the other hand, it is a potentially great time to buy one. If, you have a real estate company on your side.
posted by Jon Boyd at
3:27 PM
|
0 Comments
Links to this post
