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The July 2018 Housing Market Statistics for Caledon, Ontario have been published. The statistics are compiled from data posted on the Toronto Real Estate Board.
Here are a few highlights from the analysis:
– The average sale price (year to date) is $925,175, that is a decrease of 5.95%.
– There were 69 properties sold in the month of July with a year to date total of 523 which is a decrease of 12.4% year to date.
– The average days on the market (year to date) is 29 days.
– The total active number of residential listings was 281 which is a slight increase of 3.31% in July 2018.
The number of homes sold in July 2018 increased by 4 homes or 6.15% compared to July 2017. The average days on the market increased from 25 to 36 days. Average sale prices were down by 6.21%. Refer to the Sales Comparisons section on the infographic above.
There is currently 4 months of inventory on the market in Caledon. In a buyers market, there is normally more than 6 months of inventory. Refer to the Market Trend section on the infographic above.
Source: The statistics are compiled from data posted on the Toronto real estate board.
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If you are thinking of buying or selling in Caledon or surrounding area, contact me today.
Not intended to solicit properties currently listed for sale or buyers under contract.