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Thursday, April 21, 2011

Mid-April Market Report

MLS reported 4,444 sales during the first two weeks of April 2011 – a three per cent decrease compared to the first two weeks of April 2010. The number of new listings was down by 21 per cent compared to the same period last year.
The average selling price for firm deals reported through the first two weeks of April was $483,165,
representing a 12 per cent increase over the average price of $430,271 reported during the same period last year.
The number of homes listed for sale so far in 2011 has been below expectations. Market conditions
have tightened, resulting in increased competition between home buyers and accelerating rates of
average price growth.


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1 comments:

Dan.Eliot said...

When Buying a home, Discuss the interest rate outlook with your loan officer and try to learn as much as you can about how ups and downs in interest rate quotes might affect your mortgage payment and your ability to qualify for that loan.


first time homebuyer credit tips

April 23, 2011 11:14 PM

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