Peterborough and Area Real Estate Market Update March 2017-What You need to know.
In February our listing numbers were down again even from 2015. We had 255 listings compared to 366 in 2016 and 386 in 2015. March will be the real tell tale of what we will see for 2017. Anything less than 575 listings is going to be a disaster for Buyers.
Units sold are down from 2016 and up from 2015. I believe the only reason for the lower number of units sold it there was no inventory to sell.
I have a 2 min video reviewing some of the crazy prices people are paying for houses. It is interesting watch.