Real Estate News

New Tecumseth Monthly Market Update - March, 2022

New Tecumseth Monthly Market Update - March, 2022

▪️ Here is a short summary for March, I’ll let the numbers do most the talking.

▪️ Prices are still very high, but they are down almost 10% from last month, which is significant.  We’ll see what happens next month if that continues.

▪️Averages are up 30% from Mar 2021 vs Mar 2022!

▪️Increasing inventory and wavering demand were the story for the month.

▪️Sales and New Listing volumes were down vs. Mar 2021.  But they were much greater than what was recorded for last month, Feb 2022.

▪️New Listing were up significantly, +50% from last month, Feb 2022. But very interesting to see Sale decrease from the beginning of the month to the end.

▪️ If you or someone you know, has been considering selling, prices are still very high.  Now is an incredible opportunity to sell.

▪️ If you’re buying, it’s very expensive but getting less competitive.  There is much more choice of homes lately, single offers on homes, and negotiating opportunities.

▪️I have been tracking and sharing weekly sales statistic on my social media and blog because things are changing so quickly. Please follow me.

▪️Please call if I can help in any way. I’m here to serve.

Weekly Snapshot- March, 2022

Year- Over- Year- March, 2022

13 Month Update- March, 2022

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Brian Lafazanos
Brian Lafazanos
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