Local Real Estate Market Insight

This page is updated daily to keep you informed.
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The MLS® Home Price Index is the most advanced and accurate tool to gauge a neighbourhood’s home price levels and trends.

It uses more than a decade of MLS® System data and sophisticated statistical models to define a “typical” home based on the value home buyers assign to various attributes on homes that have been bought and sold. These benchmark homes are tracked across localized neighbourhoods and different types of houses.

Buyer’s Market, Seller’s Market or Balanced Market

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Months of Inventory is a metric that indicates the supply and demand equilibrium in the housing market. It represents the number of months that it would take to completely sell the homes that are currently listed for sale, based on the area’s current rate of sales activity. Typically, a balanced market has about 5 to 6 months of inventory on the market. This indicates that the supply and demand for properties is fairly equal. In a seller's market, there are less than 5-6 months of inventory on the market. The fewer months of inventory, the more competitive the market.
A stable Months of Inventory (as shown by the green line in each graph below), shows a stable market.

Sales, Days on Market and Prices

Contact our Team to discuss what this data means and how it applies to you.

Contact our Team to discuss what this data means and how it applies to you.

 Data obtained from the Quinte & District Association of Realtors MLS® Database and the Canadian Real Estate Association Home Price Index.

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