Attached are the statistics for the last month of 2013 which summarize the year and comparison to 2012.
Sales activity tends to vary among property types, location and price range. In order to fully understand the overall picture of the current residential market in our Board area it is important to look at prices within property types and sale price trends within different price points.
As the statistics have shown throughout the past year, the most activity occurred in the $300,000 to $500,000 price range. If this trend continues, the availability of homes in this area will decrease, tending to drive prices up. The signs of a stable recovering market.
While short-term interest rates are expected to remain low, it continues to be a good time to buy.
Wishing you all the best in 2014 !