March Market Update

Another great month reported by the Georgian Triangle Real Estate Board!  Unit sales for this month where 200 compared to 106 for 2009 with a total of 388 units year to date versus 235 last year.  We are still in a buyers market locally with a 32.57% sales to listing ratio for March and 26.63% year to date.  The slight increase in mortgage rates has not slowed the market and in fact may spur some "fence sitters" into action.  It is predicted that there will be more increases over time so I will be keeping an eye on this.  All predictions are for a strong market for the spring.  While we are seeing a great increase in activity we are not experiencing the multiple offers and general frenzy of the GTA market.  As in any market the properties that are clean and show well in addition to being priced at market value sell quickly.

Betty Hancey

Betty Hancey

Sales Representative
CENTURY 21 Millennium Inc., Brokerage*
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