We are seeing increased prices across the board – Single Family Houses, Condos, and Row houses, however the number of sales have slowed down, but what does all this really mean?
Single Family detached homes are basically seeing for every 2 listings on the market 1 is selling within average time of 48 days.
Condos are seeing approximately for every 5 listings 2 are selling within the average time of 60 days.
Row Houses/Duplexes are also seeing approximately for every 2 listings 1 unit is selling in an average of 64 days.
In summary the number of sales are down overall from April 2016 but we are seeing a promising increase in activity. Average Sales prices are up, the number of days properties are listed on the market are unchanged and overall combined Single Family Detached Houses, Condos and Rowhouses/Duplexes 1 unit is selling for every 2 that are hitting the market.
If you want to discuss your real estate goals we are here for you, now is a great time to make your move!
We’d love to hear from you, send us your questions or comments.
Shawna & Robert