April 2023 Market Report

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This spring market is blooming much like the flowers will soon be rising up strong from all of this rain rain rain!

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This month's market analysis brings more supporting data of a strong increasing market.

 

Great for Sellers and pushing the Buyers to make their move swiftly as prices rise daily.

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What do we know from the research this month?

 

Looking beyond the year over year research and more towards the month over month data;

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Inventory is way up since April of 2022 and rising steadily since last month.

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Average Sale Price is increasing month over month this year.

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Average days on market is decreasing BIG TIME since last month

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Sale price vs. asking price is increasing month over month.

SELLERS TOP QUESTIONS -

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How long will it take my home to sell?

Anywhere from 8-26 days *on average & depending on your market

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How close to asking price are houses selling for?

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Depending on your market 98%-100% *on average

IF PRICED WELL & by a knowledgeable, experienced realtor.

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BUYERS TOP QUESTIONS -

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"How close to the asking price are the offers coming in at?” 
They’re gauging where their bid should be during offer time.

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The answer is two folded.

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1. When offering, you need to take into consideration how long the house has been on the market, what the comparable sales are and are there other offers coming to the table competing with you.

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2. The short answer on average the accepted offers are currently 98% - 100% of the asking price.

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If you live in a market not reported here, reach out and I will prepare a personal report for you.

If you’d like a more detailed data analysis done on your particular dwelling type and market area drop me a message and I’ll have it to you swiftly! 

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*all data research includes detached homes, semi detached homes, town homes, apartments & condominiums.

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JILL PLANT

Real Estate Broker

Brolly Group   

Remax Twin City Realty Inc

 Broker@jillplant.ca

 519-209-8897 

 jillplant.ca

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