April 14, 2016
The first month of 2016 is now behind us, and despite the lack of inventory, sales were still quite strong with 102 firm home sales in the Headwaters region of Orangeville, Dufferin, Caledon and Erin.
Inventory of homes for sale in Headwaters was down from 470 in Januray of 2015, to 366 this January. Orangeville ended up with a meagre 36 homes for sale at the end of January…and 29 sales occurred that month! Clearly, now is a good time to be a Seller.
Being a Buyer in this market can be quite frustrating, as the selection of suitable listings is low, and new well priced listings are selling fast. With this low inventory, the laws of supply and demand may push purchase prices to rise much like last year.
It looks like the spring market is here already!!
Here are a few more graphs that may be of interest to you...
Headwaters real estate market summary:
Headwaters real estate market performance: