DID YOU KNOW?
– The average sale price is up 29% from this time last year
– Inventory levels continue to be in favour of Sellers, with 0.8 months of inventory in the City of Peterborough (that means it would take 23 days to completely sell the homes that are currently listed for sale in the city, based on the the current rate of sales activity)
– Houses in the West end of Peterborough are selling the most – with 29 sales last month
– Record-low mortgage rates, pent-up buyer demand, low inventory and relocations made possible by remote work have all contributed to strong sales and price appreciation
What’s interesting about the supply and demand issue we’re facing is that a lot of the “supply” in Peterborough is above the average sale price, but the “demand” is for lower…
Take a look at the local stats for September 2021, and reach out if you have any questions. Whether you are buying, selling, or just daydreaming about a new home, I can help you make an informed decision.