Peterborough Real Estate Stats May 15, 2023

April 2023 Update

DID YOU KNOW?

  • The average sale price is DOWN 3.8% from this time last year
  • Inventory levels continue to be in favour of Sellers, with 2 months of inventory in the City of Peterborough (that means it would take 60 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 27 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 April 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

 

 

April 18, 2023

March 2023 Update

DID YOU KNOW?

  • The average sale price is DOWN 22% from this time last year (keep in mind, February & March were the “peak” of the market last year)
  • Inventory levels continue to be 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 North end of Peterborough are selling the most – with 17 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 March 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

 

 

 

 

Peterborough Real Estate Stats March 14, 2023

February 2023 Update

DID YOU KNOW?

  • The average sale price is DOWN 25% from this time last year (keep in mind, February & March were the “peak” of the market last year)
  • Inventory levels continue to be in favour of Sellers, with 2 months of inventory in the City of Peterborough (that means it would take 60 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 East end of Peterborough are selling the most – with 12 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 February 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

 

 

 

 

February 22, 2023

January 2023 Update

DID YOU KNOW?

  • The average sale price is DOWN 22% from this time last year
  • Inventory levels continue to be in favour of Sellers, however, there is a shift in the market, with 2.1 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 North end of Peterborough are selling the most – with 20 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 January 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: Lori McKee

 

 

 

 

January 19, 2023

December 2022 Update

DID YOU KNOW?

– The average sale price is DOWN 20% from this time last year

– Inventory levels continue to be in favour of Sellers, however, there is a shift in the market, with 2.3 months of inventory in the City of Peterborough (that means it would take 68 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 and West ends of Peterborough are selling the most – each having 12 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 December 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: Brian Parypa

 

 

 

 

December 17, 2022

November 2022 Update

DID YOU KNOW?

– The average sale price is DOWN 9% from this time last year

– Inventory levels continue to be in favour of Sellers, however, there is a shift in the market, with 2.8 months of inventory in the City of Peterborough (that means it would take 84 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 13 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 November 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: Brian Parypa

Peterborough Real Estate StatsPeterborough Real Estate StatsPeterborough Real Estate StatsPeterborough Real Estate StatsPeterborough Real Estate StatsPeterborough Real Estate StatsPeterborough Real Estate Stats November 16, 2022

October 2022 Update

DID YOU KNOW?

– The average sale price is DOWN 5% from this time last year

– Inventory levels continue to be in favour of Sellers, however, there is a shift in the market, with 2.18 months of inventory in the City of Peterborough (that means it would take 65 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.
Take a look at the market snapshot for October 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: Brian Parypa

October 21, 2022

September 2022 Update

DID YOU KNOW?

– The average sale price is DOWN 6.64% from this time last year

– Inventory levels continue to be in favour of Sellers, however, there is a shift in the market, with 2.26 months of inventory in the City of Peterborough (that means it would take 68 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 15 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.
The market is shifting and prices are more reasonable now vs. earlier this year (the average sale price is down 21% from the peak in March). 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 September 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: Brian Parypa

 

September 20, 2022

August 2022 Update

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

** 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.
The market is shifting and prices are a more reasonable now vs. earlier this year (the average sale price is down about 20% from the peak in March). 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 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

 

 

Peterborough Real Estate Stats August 17, 2022

July 2022 Update

DID YOU KNOW?

– The average sale price is up 2.7% from this time last year (things are starting to level out from the peak in February)

– Inventory levels continue to be in favour of Sellers, however, there is quite a shift in the market, with 2.47 months of inventory in the City of Peterborough (that means it would take 74 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.

The market is shifting and prices are a little more reasonable now vs. earlier this year (the average sale price is down about 17% from the peak in February). 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 July 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.

📷 Drone cover photo credit: Fine Homes Photography