Right now, it’s around mid-2025… and the local real estate market feels very erratic. The political and economic landscapes are thrashing in every direction week-to-week… after years of being hit hard by rising inflation and interest rates.
What better time to take a look back on the history of Milton’s real estate market… to gain some perspective of the past in order to predict the future!
“Now let me take a trip down memory lane…”
Looking back on Milton stats since 2010… the first thing I wanted to explore was the number of new listings over the last 15 years.
In 2025, we are mostly on trend with previous years… except for a massive peak in 2017, where we saw nearly 900 listings hit the market… AFTER it already lost its momentum.
It’s worth nothing that listing inventory has been steadily increasing since the end of 2022.
Now let’s look at sales… which rose steadily from 2010 to 2016, followed by a decline, a peak in 2021 (during COVID), and a subsequent second decline once interest rates started increasing.
The graph below shows total dollar sales volume per month. The amount spent on Milton real estate was over $550 million in a peak single month of March 2021.
Before March 2021, there were MORE sales at lower prices. Currently, there are fewer sales but at higher prices.
(Despite Milton nearly doubling in population)
Here’s the median sale price… showing you could buy a “median” home in Milton for $500,000 or less between 2010-2016.
(Those were the days!)
By the time we hit 2021, the median price had crossed $1 million, then peaked above $1.25 million, and then lowered to today’s level of right around the $1 million mark yet again.
Right now in Milton, we are sitting right around 2020-2021 pricing, depending on the property type.
This one was super interesting. It looked at sales ABOVE the list price.
Until 2015, VERY few properties in Milton sold above asking.
But during our peak markets in 2017, 2021 and early 2022, we saw some months where over 80-90% of listings sold for MORE than their list price.
I remember those conversations well. We would tell a buyer to ONLY pay $50,000 more than asking, so that they could avoid paying $100,000 over asking next month.
Wild times.
I could go on and on about these numbers, but let’s cut it off there.
Now that we’ve looked back, let’s look ahead.
What’s to come in the future?
Lower interest rates for the rest of 2025 will likely bump the sales numbers up… but affordability remains a very major concern.
Condo activity should return, but not for another year or two.
It’s our belief that many buyers haven’t stopped buying… they’ve just put a pause on their plans. It’s entirely possible that this market snaps back quickly, once buyers get a sense that prices have started to turn the corner.
“Fear of missing out” remains a very powerful motivator in real estate.
Hope you enjoyed that little trip down memory lane!
