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