Low Supply and Interest Rates Lead to High Home Prices
byLow Supply and Interest Rates Lead to High Home Prices. The average sale price at $607,250 for October, an increase of 15.2%
Low Supply and Interest Rates Lead to High Home Prices. The average sale price at $607,250 for October, an increase of 15.2%
How’s the Kitchener-Waterloo real estate market?
The LP/SP ratio is at about 110.5% and Days on Market is averaging about 10.5 days.
The Supply is back under one month’s supply
All this means that it is solidly a still Seller’s Market.
October’s home sales represented an increase of 28% compared to the same month last year, and a decrease of 9.6% compared to the previous month.