Uxbridge Real Estate Market Update - 2013 A Year In Review - #5 in The Series

January 27, 2014 - Updated: January 27, 2014

The Uxbridge Real Estate Market The Year In Review - #5 in a Series

 

 How Is The Real Estate Market These Days

 

Understanding the Statistics

 

We are often asked "How are homes selling these days?

There is no simple answer to that question. To understand the complexity of the data involved perhaps we should look at Homes Sales and their relationship with the number of listings or Homes Available For Sale. Looking at the infographic below we can see that while there are peaks and valleys in the number of homes sold on average there are less than 29 per month and that the number of sales peaks at different times but generally in the first six months of the year.

 

Perhaps the best way to determine "How are homes selling these days?" is to look at the percentage of homes that have sold relative to the number of active listings.

 

Looking once again art the infographic below we can see that on average less than 23% of the homes available sell. On a weekly basis that would equate to less than 5.5% of the active listings selling. However if we look at the percentage of homes that sell during any given month we can see that historically that number has ranged any where from 11.39% to 35.34% with the highest and lowest both in 2013. In three of the last 4 years the lowest percentage of active listing to sell has been in September. While the highest number is generally in the spring there is no stand out month as it has varied from year to year.

 

It is also interesting to note that the percentage of active listings that sell generally rises and falls with the number of active listings.

 

Understanding the Statistics

 

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The Real Estate Market Is Local
and sometimes hyper-Local

 

Real Estate Statistics are what they are - - -
                   a historical look at a cross section of the real estate market. They do not necessarily reflect what is happening in your neighbourhood or on your street. The best way to determine the Value of Your Home is a Comparative Market Analysis. To discuss today's local Uxbridge Real Estate Market Conditions, the current value of your home or the marketing of your Home please give me a Call @ 905-852-6143


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