St. Catharines Real Estate
We can still see a slight increase of 2.9% in the residential average sale price compared to last year whereas the number of sales has dropped sharply by 14.6%.
Overall, the market has become more stable.
Sellers need to be more realistic and patient.
Buyers have a much better selection and not feeling rushed to make quick decisions like in the past.
As always, any questions, don’t hesitate to ask!
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What do these numbers tell us about the Real Estate market?
Whereas July showed a decrease in the number of sales compared to last year, we can see a slight increase of 2.5% for August 2018.
The average days on the market have increased by approximately 38.7%, from 31 to 43 in 2018.
As in last month’s report, the 6.4% increase in the average sale price continues in August 2018 compared to 2017.
Yes, we are still in a seller’s market if priced right, with the buyers having a better selection.
As always, any questions, don’t hesitate to ask!
