February Real Estate Market Snapshot

February Real Estate Market Snapshot

Current TREB MLS stats indicate an average house price of $780,397 and 9,828 new listings in the last 28 days. February TREB housing data shows average days on the market for a home is 25 days.

It also indicates that sales totals were down by 2.4% on a year-over-year basis. February was particularly brutal this year, weather-wise, which could account for the weakness in demand. On the other hand, it may just be that perhaps it’s time to ease off on the various market cooling measures that were introduced over the past few years. 

What are your thoughts on the local real estate market? Wondering how it affects you? Let’s chat: (905) 953-6926.

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