Fabulous February!

The snow is still on the ground, and Spring has officially yet to begin, but by all accounts, the early Spring market is sizzling already.  The Barrie & District Association of REALTORS Inc. has just released its market numbers for the month of February 2015 - and they're fabulous.  The number of homes sold last month alone is up by nearly 14% over the same month last year.  And that number comes in third overall, behind the years 2012 and 2002.  The average price of all homes sold was up by 4.8% - with the year-to-date average price running at $343,509.  However, overall supply remains below most of what has been seen over the past decade.  In fact, there were 3.1 months of inventory at the end of February 2015 - nearly a record low for this time of the year.  (The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.)  So, as sellers prepare for possible multiple offers, buyers are taking advantage of extraordinarily low interest rates.  Happy buying and selling!

Sharon Posius

Sharon Posius

Sales Representative
CENTURY 21 B.J. Roth Realty Ltd., Brokerage*
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