Market Statistics Week Ending February 25th, 2018
This week in real estate our markets saw a few more new listings compared to previous weeks but not nearly enough to meet buyer demands. As low inventory pushes prices higher in the Waterloo and Wellington region real estate markets some sellers may be jumping on opportunities to cash out a few weeks before the traditional spring market starts around mid March. Even so, buyers are starving for inventory as competition continues to be intense and we are still in a strong seller’s market.
New Listings: 261
Sold Pending: 201
Sold Closed: 108
Cancelled & Expired: 42
Active Conditionally Sold & Not Showing: 97
Price Increase: 9
Price Decrease: 51
Back on Market: 25
There is your quick summary for the past 7 days in your local real estate markets! What else are you keeping track of heading into Spring 2018? How are you keeping track of important market metrics? We’d love to hear from you, drop us a comment below!