August 2024 Update
DID YOU KNOW?
- The average sale price is DOWN 9.1% from this time last year
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Inventory levels are still in favour of Sellers, with 2.8 months of inventory in the City of Peterborough (that means it would take 83 days to completely sell the homes that are currently listed for sale in the city, based on the the current rate of sales activity)
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Houses in the West end of Peterborough are selling the most – with 23 sales last month
** Important to Note:
- When months of inventory goes up, prices come down, and when months of inventory goes down, prices go up (the law of supply and demand)
- A seller’s market = 4 months of inventory or less and a balanced market = 4-6 months of inventory.
Cover photo credit: Brian Parypa
August Home Care Tips
July 2024 Update
DID YOU KNOW?
- The average sale price is UP 3.9% from this time last year
-
Inventory levels are still in favour of Sellers, with 2.9 months of inventory in the City of Peterborough (that means it would take 87 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 North end of Peterborough are selling the most – with 28 sales last month
** Important to Note:
- When months of inventory goes up, prices come down, and when months of inventory goes down, prices go up (the law of supply and demand)
- A seller’s market = 4 months of inventory or less and a balanced market = 4-6 months of inventory.
July Home Care Tips
June 2024 Update
DID YOU KNOW?
- The average sale price is DOWN 2% from this time last year
-
Inventory levels are still in favour of Sellers, with 2.5 months of inventory in the City of Peterborough (that means it would take 75 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
** Important to Note:
- When months of inventory goes up, prices come down, and when months of inventory goes down, prices go up (the law of supply and demand)
- A seller’s market = 4 months of inventory or less and a balanced market = 4-6 months of inventory.
Cover photo credit: Brian Parypa
June Home Care Tips
May 2024 Update
DID YOU KNOW?
- The average sale price is UP 3.6% from this time last year
-
Inventory levels are still in favour of Sellers, with 2.2 months of inventory in the City of Peterborough (that means it would take 67 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 38 sales last month
** Important to Note:
- When months of inventory goes up, prices come down, and when months of inventory goes down, prices go up (the law of supply and demand)
- A seller’s market = 4 months of inventory or less and a balanced market = 4-6 months of inventory.
Cover photo credit: Brian Parypa
May Home Care Tips
April 2024 Update
DID YOU KNOW?
- The average sale price is DOWN 6.7% from this time last year
-
Inventory levels are in favour of Sellers, with 1.8 months of inventory in the City of Peterborough (that means it would take 54 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
** Important to Note:
- When months of inventory goes up, prices come down, and when months of inventory goes down, prices go up (the law of supply and demand)
- A seller’s market = 4 months of inventory or less and a balanced market = 4-6 months of inventory.
Cover photo credit: Brian Parypa
April Home Care Tips