The real estate market in New Tecumseth has shown positive trends over the past year. The HPI data indicates that the benchmark price for all property types has increased by 2.76% compared to the same month last year. This suggests a steady appreciation in property values in the area.

In terms of sales volume, there has been a slight decrease in the number of properties sold compared to the previous month. However, when compared to the same month last year, there has been an overall increase in sales volume by 50%. This indicates a strong demand for properties in New Tecumseth.

The average days on market has remained relatively stable, with an average of 25 days for properties to sell. This suggests a balanced market where properties are selling at a reasonable pace.

The sales price to list price ratio has remained consistent at 98%, indicating that properties are selling close to their asking prices. This suggests that sellers are pricing their properties accurately and buyers are willing to pay the asking price.

Overall, the market in New Tecumseth appears to be balanced, with steady appreciation in property values and a strong demand for properties. This is good news for both buyers and sellers, as it indicates a stable and favorable market conditions.

Read the full article on: Toronto Regional Real Estate Board