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Numerous houses were still offering above their asking rates in the Sarnia area in July, however that statistic reduced slightly from the previous month, according to the Sarnia-Lambton Real Estate Board. This advertisement has not packed yet, however your post continues below. The local market's sales-to-list-price ratio was 104 percent in July, compared to 108 percent in June, the board said in its regular monthly release of local market stats "We're certainly beginning to see it move a bit," said board president Rob Longo.
However the year-to-date median house rate in the market remained at $435,000 in July, the exact same level as June. "I believe we're going to start to see prices support themselves rather than the big gains we have actually had more than the last couple of years," Longo said. "We're still seeing a busy market." There has actually been an overall of 1,223 house sales in your area since the start of the year, for a total year-to-date sales volume of almost $606.
However the year-to-date number of houses listed for sale dropped to 136 in July, which is a record low for that month, Longo said. The number sat at 217 in July 2020. The variety of active listings had actually been moving up previously this year, "but we've seen that lessen," he stated.
" Individuals are going out more. They can travel, they can do various things. Maybe Solution Can Be Seen Here has actually moved a little bit towards that after being cooped for so long," he stated. However the absence of homes on the marketplace is "a complex problem to solve," Longo included. This advertisement has not filled yet, but your article continues below.
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