Sault Ste Marie Real Estate Board Statistics December 2021 by Tammy Dufault
MLS home sales for the Sault Ste Marie Real Estate Board for December 2021 were the second best in history and final numbers for the year are on the way to a new annual record.
The number of homes sold totaled only 85 units, a large decline of 26.7% from December 2020.
The average price of homes was $286,455, a gain of 26.4% from December 2020. Comparatively, the annual average price was $268,797, up by 29% from the end of 2020.
On an annual basis, home sales totaled a record 2,362 units this year, up by 33.8% from 2020.
Active residential listings were at an historical low, down by 39.2% from the end of December 2020, with only 101 units on the market at the end of December 2021. That's 70.3% below the five-year average.
Months of inventory was 1.2 at the end of December 2021, down from the 1.4 months at the end of December 2020. This is well below the long-run average of 7.4 months for this time of year. (The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.)
Source of information: Canadian Real Estate Association
8 Ideas for Staging Your Home This Winter By Tammy Dufault If you’re selling your home in the winter, you want it to feel warm and inviting! Turn up the heat and stoke the fireplace to woo potential buyers. Set your best foot forw
Follow this link for full details on all levels of government funded incentives and programs in our growing city! https://welcometossm.com/invest/incentives-programs/
Understanding Real Estate Market Terms- Seller's Market and Buyer's Market by Tammy Dufault It's important to understand the current real estate marketplace because it will affect how you might approach the market if you are looking to buy, sell or r
8 Ideas for Staging Your Home This Winter By Tammy Dufault If you’re selling your home in the winter, you want it to feel warm and inviting! Turn up the heat and stoke the fireplace to woo potential buyers. Set your best foot forw
Follow this link for full details on all levels of government funded incentives and programs in our growing city! https://welcometossm.com/invest/incentives-programs/