Tuesday, June 1, 2010

May 2010 Quinte MLS Statistics

May 2010 Quinte MLS Statistics.

The market seems to be awash with inventory. While there was an increase of sales from May 2009's total of 318, it wasn't a dramatic increase over last year. What is worrisome if you are intending to list your house in the upcoming month or so is that the competition will be fierce. The listing to sales ratio isn't very good for sellers.

As you can see, the average price price of a home sold in Ontario last month was $352,523 which is up from 2009's average. Click the map of Canada if you are interested in average home prices for other provinces. While this is good news for sellers in the province, the excess of houses on the market is a province-wide phenomenon, so it points to a cooling off of the market.