With only 1.8 months of inventory, Milton remains a seller's market. Home prices have increased 9.4% in the past month alone. At the current pace, all available homes in Milton would sell out in just 1.8 months, indicating a continued supply shortage. Homes are now taking an average of 40 days to sell, significantly longer than the 26 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 16.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Milton market with the affordability index at 417.1. Based on current market indicators, home prices in Milton are projected to decrease by approximately 8.7% over the next month.
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