Compared to March of last year 1268 property sales were processed through the RAHB Multiple Listing Service® (MLS®) system represents a 9 per cent increase!
“The low inventory of listings is still the story,” said RAHB CEO Ross Godsoe. “A one per cent decrease doesn’t sound like much, but last March’s listings were down almost 10 per cent from the year before that. Put in context, listings this March were 8.7 per cent lower than average for the last ten years. Low inventory coupled with sales that are almost at the 10-year average are driving the price increase and the seller’s market.”
Properties listed in March = 1885, a decrease of 1.3 per cent from the same month last year.
The average sale price of $409,684 was 4.3 per cent higher than last March.
Read more at http://www.rahb.ca/2014/04/sellers-market-continues/