Home sales rise slightly in Chatham-Kent but lag recent averages
Home sales in Chatham-Kent rose slightly last month compared to the year before, but were still below average sales in recent years. Home sales in Chatham-Kent were 20.3 per cent below the five-year average and 17.6 per cent lower than last year. Despite this, overall inventories have topped out and have started to come down from their recent peak. The average price of homes sold last month was $431,471, down 0.5 per cent from September 2022. Active residential listings numbered 366 units on the market at the end of last month, decreasing by 2.4 per cent. Months of inventory numbered 3.7, down from the 4.1 months recorded at end of September 2022, and above the long-run average of three months for this time of year.
发表 : 2年前 经过 Trevor Terfloth 在 Finance
Home sales were 20.3 per cent below the five-year average and 17.6 per cent below the 10-year average for the month. On a year-to-date basis, sales totalled 937 units over the first nine months of the year, down 12.8 per cent from last year. “Sales activity was still trending below average levels for this time of year, but posted a year-over-year gain,” association president Matt Bechard said. “Meanwhile, new listings appear to have topped out and are slowly trending downward. Combined with stronger sales, this means that overall inventories are also topping out and have started to come down from their recent peak. On the price side we’re still down from last year’s astronomical records, but otherwise average price levels have been holding up fairly well.”
The average price of homes sold last month was $431,471, down 0.5 per cent from September 2022. The more comprehensive year-to-date average price was $433,164, down by 9.4 per cent from the first nine months of last year. The dollar value of all sales in September was $42.3 million, up 7.1 per cent from the same month in 2022. The number of new listings was down slightly, by 0.5 per cent, from September 2022. There were 194 new residential listings last month. New listings were five per cent above the five-year average and 10.5 per cent above the 10-year average for the month. Active residential listings numbered 366 units on the market at the end of last month, decreasing by 2.4 per cent from the end of September last year. Active listings were 38.2 per cent above the five-year average and 6.8 per cent above the 10-year average for the month. Months of inventory numbered 3.7 at the end of last month, down from the 4.1 months recorded at the end of September 2022, and above the long-run average of three months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
话题: Real Estate, Markets