Prices are definitely going up. For the third month in a row, there is a significant increase in the average sale price on both real estate boards. At the recent Prudential convention in Austin, Texas, an American speaker said (and it's true on both sides of the border) that there has never been a better time to get into the market. Interest rates are at historic lows, and prices are very affordable. There's also the issue of upcoming interest rate increases
Here are the monthly statistics for March, 2010.
| K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year |
| Avg. Sale Price | $ 276,695 | $252,383 | $264,436 | $255,074 |
| Percentage Change | +9.6% | | +3.6% | |
| Properties Sold | 731 | 497 | 299 | 209 |
| New Listings/Sales Ratio | 64.5% | 54.0% | 52.8% | 40.2% |
| Properties For Sale Now | 1815 | 2303 | 849 | 1049 |
Posts
No comments:
Post a Comment