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June 2022 Update
DID YOU KNOW?
– The average sale price is up 4.2% from this time last year
– Inventory levels continue to be in favour of Sellers, however, there is quite a shift in the market, with 2.13 months of inventory in the City of Peterborough (that means it would take 64 days to completely sell the homes that are currently listed for sale in the city, based on the the current rate of sales activity)
** 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)
– Houses in the Central area of Peterborough are selling the most – with 29 sales last month
The market is shifting and prices are a little more reasonable now vs. earlier this year. Price decreases are happening, there is more inventory, longer days on market and not as many sellers “holding offers” as before (more are listing closer to market value and reviewing offers any time).
Take a look at the market snapshot for June 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.
📷 Peterborough cover photo credit: Brian Parypa
May 2022 Update
DID YOU KNOW?
– The average sale price is up 18% from this time last year
– Inventory levels continue to be in favour of Sellers, however, there is a shift in the market, with 1.29 months of inventory in the City of Peterborough (that means it would take 39 days to completely sell the homes that are currently listed for sale in the city, based on the the current rate of sales activity)
** Note: the last time we had over 1 month of inventory in the City of Peterborough was May 2020
– Houses in the West end of Peterborough are selling the most – with 31 sales last month
The market is shifting and prices are a little more reasonable now vs. earlier this year. Price decreases are happening, there is more inventory, longer days on market and not as many sellers “holding offers” as before (more are listing closer to market value and reviewing offers any time).
Take a look at the market snapshot for May 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.
April 2022 Update
DID YOU KNOW?
– The average sale price is up 23% from this time last year
– Inventory levels continue to be in favour of Sellers, with 0.90 months of inventory in the City of Peterborough (that means it would take 27 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 37 sales last month
Prices are coming down compared to the last few months, which is good and healthy. Average list-to-sale price ratio is down about 10% from last month (which again, is a good thing). Nice to see.
Take a look at the market snapshot for April 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.
📷 Chemong Lake sunset cover photo credit: Mike Kirkpatrick
March 2022 Update
DID YOU KNOW?
– The average sale price is up 27% from this time last year
– Inventory levels continue to be in favour of Sellers, with 0.54 months of inventory in the City of Peterborough (that means it would take 16 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 50 sales last month
It’s not so much a case of low inventory, but more to do with record demand. We do have more properties coming on the market this month, which seems to be helping out a bit…
Take a look at the market snapshot for March 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.
📷 Peterborough cover photo credit: Brian Parypa
February 2022 Update
DID YOU KNOW?
– The average sale price is up 34% from this time last year
– Inventory levels continue to be in favour of Sellers, with 0.59 months of inventory in the City of Peterborough (that means it would take 17.7 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 33 sales last month
Take a look at the market snapshot for February 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.
📷 Peterborough drone cover photo credit: Brian Parypa
January 2022 Update
DID YOU KNOW?
– The average sale price is up 36% from this time last year
– Inventory levels continue to be in favour of Sellers, with 0.78 months of inventory in the City of Peterborough (that means it would take 23.5 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 Central area of Peterborough are selling the most – with 14 sales last month
– With looming interest rate increases, now is a great time to talk to a mortgage broker and lock in your rate
Take a look at the market snapshot for January 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.
📷 Peterborough drone cover photo credit: Brian Parypa
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December 2021 Update
DID YOU KNOW?
– The average sale price is up 35% from this time last year
– Inventory levels continue to be in favour of Sellers, with 0.18 months of inventory in the City of Peterborough (that means it would take 5 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 and Central area of Peterborough are selling the most – each with 11 sales last month
– With looming interest rate increases, now is a great time to talk to a mortgage broker and lock in your rate
Take a look at the market snapshot for December 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.
📷 Peterborough drone cover photo credit: Brian Parypa
November 2021 Update
DID YOU KNOW?
– The average sale price is up 31% from this time last year
– Inventory levels continue to be in favour of Sellers, with 0.38 months of inventory in the City of Peterborough (that means it would take 12 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 and Central area of Peterborough are selling the most – each with 22 sales last month
– Interest rates are starting to go up, it’s a good time to talk to a mortgage broker and lock in a rate now
Take a look at the market snapshot for November 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.
📷 Little Lake cover photo credit: Emma Scott Designs
October 2021 Update
DID YOU KNOW?
– The average sale price is up 35% from this time last year
– Inventory levels continue to be in favour of Sellers, with 0.5 months of inventory in the City of Peterborough (that means it would take 15 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
– Interest rates are starting to go up, it’s a good time to talk to a mortgage broker and lock in a rate now
Take a look at the market snapshot for October 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.
September 2021 Update
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.
