It’s a New Day and a New Month. Days are getting longer and summer is fast approaching. Real Estate is still very active in the Durham Region and we are seeing multiple offers and homes are selling over list in many situations.
The number of listings this year is about half of what we were in 2019 and the number of sales is 2/3 of what they were last year. The good news is that the average selling price is up by just over 4%. That’s right. It’s UP.
We currently have about 1 1/2 months of inventory compared to last year it was almost 2 months. This means it will take 1.5 months to sell the homes currently listed. This is definately a sellers market still.
This year we are selling 2/3 of the new listings compared to 1/2 of the listing sold last year. All this tells me that we are in for another great year in Real Estate. If you price your home at or below market value, it will sell quickly and you should get a good price and possibly multiple offers.
If you’re thinking about listing your home, call #TheMashTeam to help you. We have covid-19 protocols in place to help protect you and your family. We strive to keep your stress levels to a minimum.