Market Statistics Week Ending March 4th, 2018
Our markets saw 71 more listings hit the board in the last seven days then the previous week and only 2 more sold pending (203 sold pending in last 7 days). There was a large increase in sold closed listings as buyers that squeezed in a deal before 2018 will be closing around this time. In summary, we are seeing slightly more new listings come up as we approach the spring and a lot more closings stemming from buyers in December 2017.
New Listings: 332
Sold Pending: 203
Sold Closed: 278
Cancelled & Expired: 94
Active Conditionally Sold & Not Showing: 117
Price Increase: 6
Price Decrease: 41
Back on Market: 29
Although we see a nice bump in available listings you can bet there are more active buyers in our market as well. As the weather becomes warmer so will buyer activity. We are still in a strong sellers market until we more inventory consistently in Waterloo and Wellington regions. Until next week!