DID YOU KNOW?
– Even though the average sale price is DOWN from the peak earlier this year, it is still UP 4% from this time last year
– Inventory levels continue to be in favour of Sellers, however, there is a shift in the market, with 2.10 months of inventory in the City of Peterborough (that means it would take 63 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 21 sales last month
Take a look at the market snapshot for August 2022, and reach out if you have any questions. Whether you are buying, selling, investing, or just daydreaming about a new home, I can help you make an informed decision.
Cover photo credit: Lori McKee