The real estate market in New Tecumseth for all property types saw a decrease in the average sale price from $802,537 in November to $1,012,648 in December, representing a 26.2% increase compared to the same month last year. The number of properties sold also decreased from 59 in November to 33 in December, indicating a 44.1% decrease year-over-year. The average days on market increased from 39 days in November to 44 days in December, suggesting a slower pace of sales. The sales price to list price ratio remained stable at 95% in December, indicating a balanced market between buyers and sellers.

The benchmark price for all property types in New Tecumseth remained unchanged at $827,900 in December compared to the previous month. The market continues to show signs of stability with a slight decrease in the sales volume and an increase in the average sale price. The sales price to list price ratio also remained steady, indicating that properties are selling close to their asking prices. Overall, the market in New Tecumseth for all property types appears to be balanced, with moderate price growth and a healthy level of inventory for buyers to choose from.

Read the full article on: Toronto Regional Real Estate Board