Volume metrics are very reflective of a normal equilibrium real estate market. These metrics are demonstrative of a relative recovery in York Region, which seems to point towards the beginning of a spring market for homes for sale in York Region. Listings are selling faster (sale to new-listing ratio is increasing), absorption rate of real estate in Newmarket and Aurora, and Georgina, is increasing. We are seeing lower inventory levels than the previous record-highs we saw in homes for sale in... [read more]

Currently in the Georgina market, we are seeing normal absorption figures, with a 46.5% SNLR (sales to new listings ratio). This ensures a strong pipeline of homes for sale in Georgina while still ensuring that existing prices are protect, and we do not move into an excess demand scenario.   The current monthly absorption rate for April 2018 of homes for sale in Georgina is 26.2%, which means that we have 114 days of inventory on the market. If no other homes were listed in... [read more]