Here are the numbers for June 2018 versus June 2017:

What do these numbers mean?
Four things we noticed. There is still a decrease in residential sales compared to June last year, approximately 10.8%.
Residential houses are taking 55% longer to sale than June 2017.
The residential average sale price had a very marginal increase of 0.1% versus last June.
While I don’t add this to my monthly stats, the number of active residential listings increased by approximately 33% compared to last year.
What this means is that it’s still an active sellers’ market, but buyers are having a bigger selection of houses to choose from.
As always, any questions, don’t hesitate to ask!
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Market report April 2018 VS April 2017.

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There was a bit of a delay in the monthly stats over the last few months. Data keeps changing constantly and we wanted a fresh look to the Salisbury Stats page. Here is a look at April 2018 versus April 2017.

Notice a trend?
Average Sale Price in 30% of the areas are actually down from 2017! Houses are taking approximately 50% longer to sale ( D.O.M – Days on market) and the number of sales overall are approximately down 23% .
What does that mean? For sellers, the listing price we set has to be more accurate than before and for buyers, finally a little more selection to choose from since January 2016.
As always, any questions, don’t hesitate to ask!