September Ending Moving on into October

Prices dropped in Single Family Homes in September on average about 1.9% equating to about a $7,093.00  drop in value, but....


  • In contrast the Condos held their ground and increased in value on average from $$251,048 to $252,234! That is a good sign.
  • Another good sign is that the Duplex and Rowhouse style properties were up 0.1% - selling on average for $315,690.
  • A better sales to listings ratio - we are at 55% instead of the 42% range just a few months back in May of this year
  • Days on Market is down from 63 days to 61 days
  • Less inventory is good for balance - at the end of August we had 9612 residential properties in inventory, we had 8808 home in the MLS inventory at the end of September

The numbers reflect a different viewpoint than a lot of peoples feelings - the market is strong despite the apprehension of many.  The proof is in the pudding and pudding isn't stale!  Signing off...

Guy Pelletier

Guy Pelletier

CENTURY 21 Reward Realty
Contact Me

Blog Archives