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Ben Sage, Moving Woodstock

It’s getting hot in here….

Posted on July 3, 2013 by Ben Sage in Woodstock Ontario Real Estate Stats

It’s Getting Hot in Here!!!!

This is the Woodstock Residential Real Estate Market Report for June of 2013.  Things continued to be extremely hot and heavily favouring the Sellers in the Woodstock market this month.

Continued low interest rates with the threat of going up shortly, decreased supply, steady demand due to good local employment and continuing pressure from workers choosing to relocate to Woodstock rather than commute, has created an extremely bubbly market for Woodstock sellers.

Some numbers: Average sale price in June 2013 was $242,063, which is up 6.3% from last month, and up 2.4% from June of 2012.  In terms of how long sellers are waiting to sell, that’s looking like about 63 days on average, which is down from 67 days last month, and 79 days for June of 2012.

All of these signs are pointing to a bubbly sellers market.  Buyers are being forced to make quick decisions or risk losing out on properties.  The longer Buyers wait to jump into the market, the higher this bubble might go, and the more they will have to pay for their homes!

If you’d like to take advantage of these market conditions, please contact me through the link at the right side of the page.  I would be more than happy to discuss the market conditions with you!

 


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