The real estate market in New Tecumseth has shown some interesting trends over the past year. According to the HPI data, the benchmark price for all property types in the area is $869,500, with an index HPI of 374. The HPI data also shows a slight increase of 0.35% in average property sale prices compared to the previous month. However, when compared to the same month last year, there has been a decrease of 1.19% in average property sale prices.

Looking at the market report data for the last 12 months, we can see that the number of properties sold has fluctuated. In the most recent month, there were 43 properties sold, which is a slight decrease compared to the previous month's 45 properties sold. However, when compared to the same month last year, there has been an overall increase in the number of properties sold.

The average days on market (DOM) has also varied over the past year. In the most recent month, the average DOM was 21 days, which is a significant decrease compared to the previous month's 47 days. This indicates that properties are selling at a faster pace. The sales price to list price (SPLP) ratio has remained consistent at 99%, suggesting a balanced market where buyers and sellers are able to negotiate fair prices.

Overall, the data suggests a relatively balanced market in New Tecumseth, with a slight decrease in average property sale prices compared to the previous year. The increase in the number of properties sold and the decrease in average DOM indicate a strong demand for properties in the area. This information can be valuable for both home buyers and sellers, as it provides insights into market trends and helps inform decision-making processes.

Read the full article on: Toronto Regional Real Estate Board