September 2022 Market Update
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September 2022 Market Update
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Story at a glance:
- Average Sales Prices Continue to trend downward.
- August saw the first decrease in overall inventory month over month this year.
- August saw the first increase in total sales volume month over month since peak activity this March
- Buyer confidence remains low even though housing scarcity is still apparent in rising rents.
- The BOC’s next moves are uncertain
- The multi-varied equation of buyer demand for our peterborough region continues to shift based on several factors discussed in this article.
- We are yet to see a bottom in the market, and opinions about how close we are vary greatly.
Find Mitch:
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Email: mitchcleary@century21.ca
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