Milton Real Estate Agent’s Winter Market Update
Time to sell shrinks with shortage of listings
The pandemic is having some impact on buyer confidence but our experience is there’s still strong demand for local property. Interestingly the “average days on market”, or time it takes to sell a Milton home, has dropped from to 27 days after been as high as 47 during last year.
There is just ONE house for sale in total at the time of writing. Yes – one in a suburb of 392 houses! Houses in the sub $1m range are especially meeting strong demand. It’s now common to see multiple offers and strong price results for well-promoted property. Similarly there’s a broad range of buyers searching Milton apartments, often couples in their 20s to early 30s who want to be walking distance to dining/bars as well as transport to their workplace. COVID-19 or not, interest in local real estate continues and when there’s more available for sale the turnover graph will rise.