We’re already in the last quarter of the year. How are real estate sales so far? Here’s an update.
Residential property sales have remained almost the same as last month, rising 9 percent on a seasonally adjusted month-over-month basis. However, sales are still down by 8 percent from last year’s sales records.
The MLS® System of the Barrie & District Association of REALTORS® Inc. has recorded that the average price of homes sold was up 8 percent from last year for the period of January to September. New listings were recorded to be up by 5 percent as per year to year listings. For more figures and trending data, click here
According to the President of the Barrie and District Association of REALTORS®, demand for high end properties remained strong while demand has slowly weaken in low and mid-priced properties.
Similar to the past months, there is still a market balance between supply and demand. So far trends have been the same yet we should still look forward to what lies ahead in real estate sales until end of this year.
Until next time,
Jamie
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