Listings were down for detached homes in October – 14.2% for detached homes and 7.5% for condos. Active Listings End or Period (inventory) was also down 11.4% for detached homes and 0.2% for condos. "We're keeping a close watch on listings to see if we might be starting to shift into a Sellers' market," says Vandergoot. "Whether that is the case or not, with listings this low, now is a good time to list."
Year-to-Date the average price of all homes sold through LSTAR's MLS® stood at $265,019, up 4.3%.
Here in Grand Bend the October market was a little softer than other years perhaps with the election on, people are thinking about their Government, in stead of their recreational properties!