The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties. At the same time, sales activity did slow compared to the high levels reported last year. As of January, the benchmark price reached $520,00, 5 per cent higher than last January, but still well below the May 2022 high of $546,000.
Similar conditions are being felt in both Valley Ridge and Crestmont communities. With only 14 homes listed in total for both communities, it is a great time to consider selling. Give me a call and we can discuss next steps.