" It's the same sort of thing we have actually been preaching for the last year or two, but certainly simply appears to be becoming worse." The 111 listings taped last month was down from 143 in the exact same month the previous year while the variety of sales dropped to 78 compared to 99 in January 2020.
But the average price of homes offered in January was up more than 25 percent to $436,771, and the $36. 6-million overall real estate sales volume for the month was up slightly from January 2020. "We would undoubtedly like to see some more stock," Longo stated. "It would take a lot of pressure off the marketplace." The less house listings readily available, the less likely it is sellers will discover a home to purchase and put their houses on the marketplace.
The Sarnia location continues to see buyers moving to the community from elsewhere, he said. The truck rental company, U-Haul, said last month Sarnia was the number 10 city for development in Canada according to its data. Individuals coming to Sarnia in one-way U-Haul trucks increased two percent in 2020 while departures fell 3 per cent.
Short article material "We have actually been seeing that pattern over the in 2015 actually," and particularly in the last 6 months, Longo stated. He stated the board has been tracking an average of 15 new homes moving into the Sarnia location each month. "It's a mix of retired people, youths, some young families.
which is a nice thing to see," Longo stated. Out-of-town purchasers are typically taking benefit of the shift to working remotely and are drawn by the Sarnia area's fairly low home rates. Also Found Here -new homeowners are a welcome trend, but it lowers the stock of homes in the local market considering that homes out-of-town buyers may be selling remain in other communities, Longo stated.
" The kids going back to school can be another great factor," he said. The go back to classrooms may take pressure off households who have actually been considering noting their houses. "At least if the kids are back to school, it frees up some time for them to tidy and get organize and maybe potentially show your home," Longo said.
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