What happened in the real estate market in February?
I've been getting lots of questions lately about what the market is doing and what this means for both buyers and sellers. In this month's market update we discuss:
✅Average sale price up 58.6% over last year
✅Number of sales still down - approx. 44% from 2017
But the big change.....⁉️
✅50 properties were listed in February 2018
✅98 Active Listings on the market by the end of the month
✅3.55 Months of inventory.....we are heading towards a more balanced market.
Check out the video to get all my thoughts on what these numbers mean for you, and don't hesitate to reach out if you have any questions - Leslie@LeslieTurner.ca or 705-632-9404.
Peterborough, ON K9J 1Z2