We are one month into 2013. Let's see how the real estate market in Milton MA is doing for January 2013.
From January 1, 2013 - January 31, 2013, there were only 4 single family homes sold in Milton, MA*. The lowest priced home sold for $415,000.00 and the highest priced home sold for $775,000.00. The average sales price for the month was $533,250.00.
While January is not traditionally a big month for real estate, January sales in 2013 are down over 2012.
This chart shows home sales for the month of January over the past five years.
However, my guess is that the low sales for January 2013 is due in part to the low housing inventory we are seeing in the area. In addition, 2012 home sales in Milton were very high so that there were not a lot of choices left by the end of the year for January closings.
On the up side, average home prices for Milton MA were up in January 2013. The chart shows average sales prices in January in Milton MA for the past five years.
The lack of inventory is probably also a factor in the average sales price, driving prices up in Milton MA.
Being named in 2011 as the second best small town in the United States, plus its proximity to Boston, access to public transportation, good schools and outdoor reacreational opportunities all continue to keep Milton MA as a desirable place to live.
The birthplace of the American Revolution with the signing of the Suffolk Resolves, Milton MA celebrated its 350th anniversary in 2012.
*All data is courtesy of the MLS Property Information Network, Inc. Homes sold outside of the MLS are not inlcuded in those numbers.
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