July 2022 Market Update! On the waterfront side we saw a pretty big drop in…
April 2022 Market Report
The Haliburton Real Estate Market is shifting!
Good news for Buyer’s we are finally starting to see an increase in inventory with over 40 properties sold in April and more and more coming through this first week of May. We are starting to see more and more properties come on without an offer date and even seeing the odd one sitting for a few weeks.
However, we can’t get too excited just yet, both waterfront and residential properties are holding steady at an average sale price of 111% of asking price. Not as high as we have seen over the past 2 years but still up there. And we are still seeing an average of 11 days on the market.
For the Seller’s out there, it is still a good time to sell. With many properties selling firm for over asking we are still very much in a Seller’s market, but we are seeing some changes in the tide slowly progress.
So, what’s the answer to the burning question of has the market changed? Yes and no. Properties selling on average for over asking does suggest the market is still very strong. However, higher interest rates have taken out a significant number of buyers and with inventory increasing and buyers decreasing we are starting to see less pressure on the market resulting in less offers and showings.