Milton Real Estate Market Update January 2019

Michelle Hawco
Published on January 29, 2019

Milton Real Estate Market Update January 2019

The Milton Real Estate Market is beginning to ramp up for the year. We are seeing an influx of beautifully staged homes hitting the market. It will be interesting to see what the year has in store for us. 

So far in January there have been 86 homes sales in the Milton real estate area. While more than half of the home SOLD were detached, the fastest selling homes were Townhomes and Semi-Detached homes. Here is a visual breakdown of sales by home style and information about the average days on the market for each home type.

As it did last year, this market continues to favour move up buyers looking to move into a larger home. Considering a move? Message me here to book a FREE real estate consultation.

I was very happy to see that the Bank of Canada held their rate on January 9th 2019. This was a relief as buyers purchasing power was already significantly impacted by both policy change and rate increase in 2018. 

Throughout 2018 Milton homes SOLD faster than other homes in Halton Region with average days on the market being approximately 22 days. 

Milton homes continued to have the lowest average days on the market compared to other towns in Halton. In December Milton homes sold in approximately 28 days on average, with Townhomes selling the fastest taking around 17 days on average. There was a total of 91 homes SOLD in the month of December in Milton.

According the Toronto Real Estate Boards Composite Benchmark Pricing Index, Milton homes values were up approximately 5.42%

Curious about how we stacked up compared to the rest of the GTA? Here is year-end commentary from Jason Mercer, Director of Market Analysis for the Toronto Real Estate Board. 

Check out the full December 2018 Market Watch Report Here!

Interested in Milton Real Estate? Pick your neighbourhood and search for your dream home here!