What's going on? February Stats

Interesting numbers for February 2022 in Parkwoods-Donalda. The biggest winners are townhouses  with an increase of median prices of 23.8% from the month before (January 2022). Followed by semi detached homes ( + 5,5%) and condos (+4.7%). The highest selling price of a detached home increased by 19,7% - however the median price of detached homes decreases by 11.63 %.

Months of inventory  (shows us how long it would take until all homes currently on the market will be sold, with no new listings added): for detached homes it is 2 month and for condos it is half a month.

What does that mean to you should you be selling your home? What does this mean should you be buying real estate? Contact us -  we love to talk about real estate.