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MARKET STATISTICS
If you're thinking about buying or selling your home, you are probably wondering, is now a good time? Knowing what's happening in the current real estate market will help you to answer that important question before moving forward.
BUYER'S
MARKET
​When there are more homes for sale (supply) than there are buyers (demand) for them. This gives buyers an advantage because there is more inventory to choose from. Prices typically remain stable or sometimes even soften in this market, as sellers may be more open to negotiating.
BALANCED
MARKET
When there are is an even number of buyers and sellers in the market creating a fairly equal level of supply and demand. In this market, homes sell in a reasonable time frame and prices typically remain stable. This is a healthy real estate market, one that is good for both buyers and sellers.
SELLER'S
MARKET
When there are more buyers (demand) than there are current homes for sale (supply). This puts sellers in the driver’s seat. Prices strengthen or increase because there are so many people wanting to buy. Homes typically sell quicker and in many cases with competing offers.
SEPTEMBER 2024
REAL ESTATE STATS
Average days on market held steady at 70, while the average home price decreased slightly to $696,770. 5053 units have sold year-to-date which is a 4% increase. With 3205 active listings, we are definitely in a busy market!
AUGUST 2024
REAL ESTATE STATS
Average days on market held steady at 70, with an average home price of $699,383. So far, 4,565 units have sold year-to-date. With 3065 active listings, we are in a balanced market that benefits both sellers and buyers.
JULY 2024
REAL ESTATE STATS
Average days on market was 70, with the average home price sitting at $700,028. There have been 4026 units sold to date. With 3164 active listings, buyers have time to make offers with conditions, which protects both sides of the transaction.
JUNE 2024
REAL ESTATE STATS
Average days on market was 71, with the average home price sitting at $700,930. There have been 3468 units sold to date. With 3105 active listings, buyers have time to make offers with conditions, which protects both sides of the transaction.
MAY 2024
REAL ESTATE STATS
Average days on market decreased from 77 days to 72 days, with the average home price sitting at $695,070. At this point it is considered to be a balanced market, but the large number of listings allows the buyers to take their time and see several.
APRIL 2024
REAL ESTATE STATS
Average days on market decreased from 81 days to 77 days, with the average home price sitting at $690,284. There have been 2224 units sold, a 7% year-to-date increase. The region boasted 2586 active listings.
MARCH 2024
REAL ESTATE STATS
Average days on market decreased slightly from 83 days to 81 days, with the average price of homes increasing from $661,906 to $682,482. We are in a balanced market and are starting to see the number of buyers pick up as we enter the spring season.
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FEBRUARY 2024
REAL ESTATE STATS
Average days on market remained steady at 83, with homes experiencing a 1% year-to-date increase in sale price at $661,906. There have been 957 units sold, a 17% year-to-date increase. The region boasted 2096 active listings.
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JANUARY 2024
REAL ESTATE STATS
With an average of 85 days on the market, homes saw a 4% year-to-date increase in sale price, reaching $659,382. The region boasted 1615 active listings, while 395 total units sold year-tot-date marked a significant 21% uptick.
DECEMBER 2023
REAL ESTATE STATS
Homes sat on the market for an average of 57 days, with an average sale price of $700,080 (which is an 11% decrease year to date).
NOVEMBER 2023
REAL ESTATE STATS
Homes sat on the market for an average of 56 days, with an average sale price of $702,454 (which is an 11% decrease year to date).
OCTOBER 2023
REAL ESTATE STATS
Homes sat on the market for an average of 55 days, with an average sale price of $705,620 (which is a 12% decrease year to date).
SEPTEMBER 2023
REAL ESTATE STATS
Homes sat on the market for an average of 55 days, with an average sale price of $707,260 (which is a 13% decrease year to date).