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Real Estate Market Reports
In my daily market analysis, I've witnessed buyers securing exceptional deals on homes, seeing beyond the immediate market noise. This article (and its accompanying video) presents compelling data and yearly trends indicating why purchasing a home during winter could be a strategic move.
Current trends paint a picture of a dynamic landscape shaped by historical patterns, economic shifts, and evolving buyer preferences. As we delve into October's figures, we find the median sale price of residential homes continuing its upward trajectory at $650,000, marking a steady rise amid fluctuating interest rates and a recovering market from the downturn influenced by the Bank of Canada's previous rate hikes. While the market shows a robust year-over-year price increase, it remains in a state of balance, with a significant portion of sales concentrated in homes under the $800,000 mark and properties listed for less than six weeks demonstrating the highest turnover.
September brought about a significant increase in the number of properties listed in Brantford. We saw 283 properties listed for sale, marking a 30% increase from both August and the previous year. Historically, this is the highest for a September in the last decade. However, a good portion of these are not new listings but are re-listings of properties that had been temporarily taken off the market.
The Brantford real estate market is showing signs of a slowdown. Whether you're considering buying or selling a home in the upcoming months, it's crucial to understand the current dynamics and anticipate market shifts. Let's delve into the current situation and its implications.
The Brantford real estate scene has been bustling with activity, and there's much to dissect, especially with the recent summer data. Join us as we unpack the key trends and insights that can shape your next real estate move.