Caledon Real Estate Market Snapshot - April 2012

People often ask me, “How’s the market doing?”   Here’s a snapshot of the Caledon Real Estate Market, comparing activity in April 2012 to April 2011. Sales are still strong, with an average price increase of 14.5%, and less than 3 months of inventory. This means that, if nothing new came onto the market, it would take less than 3 months to sell what’s already listed. It’s worth noting that it’s taking about 30% longer to sell a home this year, and the ratio of list price to sale price is a bit lower, which may mean things are cooling off a bit since last April. I’ll keep you posted from month to month.
                           

Caledon Real Estate Snapshot   Year over Year Comparison           Apr-11 Apr-12 % Change         Sales 85 90 5.9% New Listings 150 171 14% Active Listings 234  250 6.8% Median Price $429,000 $491,000 14.5% Average DOM 23 30 30% Average % of List $ 98% 97% -1% Months of Inventory 2.75 2.77