Peterborough Real Estate Stats • June 19, 2023

May 2023 Update

by Kya Seguin

DID YOU KNOW?

The average sale price is DOWN 10.8% from this time last year
Inventory levels continue to be in favour of Sellers, with 1.6 months of inventory in the City of Peterborough (that means it would take 48 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 39 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.

Take a look at the market snapshot for May 2023, 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: Brian Parypa

CENTURY 21 United Realty Inc. Brokerage

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Peterborough, ON K9J 3E1
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kya.seguin@c21.ca

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