February 2018 Georgina Real Estate Market Report - Volume metrics
Friday Mar 23rd, 2018Share
Volume metrics are very reflective of a normal equilibrium real estate market. These metrics are demonstrative of a relative recovery in Georgina, which seems to point towards the beginning of a spring market for homes for sale in Georgina. Listings are selling faster (sale to new-listing ratio is increasing), absorption rate of real estate in Keswick and Sutton is increasing. We are seeing lower inventory levels than the previous record-highs we saw in homes for sale in Georgina towards the end of 2017, as the majority of listings expired at year-end 2017. Lower inventory of homes for sale in Georgina, especially in Keswick, means that prices should remain stable and grow marginally with time.