March 2018 - York region Market Report Infographic- Volume Metrics
Thursday Apr 05th, 2018Share
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 York Region towards the end of 2017, as the majority of listings expired at year-end 2017. Lower inventory of homes for sale in York Region, especially in rural markets, means that prices should remain stable and grow marginally with time.