The Hot Autumn Market Continues
Demand for homes was on the rise in October following three months where demand for home declined. The number of homes for sale has been stable since May this year. Historically the demand for homes, and for homes for sale, both decline in the autumn months. These conditions are a reliable indicator that we will have a busy winter market.
The average sale price (when compared to the asking price) has been in decline since reaching a high-point of 100% of asking price in April. Buyers have been able to negotiate better deals recently. The time to sell a home has been consistent for most of the year around four weeks on the market.
The is very high demand for homes priced between $200,000 - $600,000, while the market over $600,000 is significantly slower.
The average price of homes in Brantford has continued to rise after two record years. The average detached house in Brantford is now $410,095 while the average townhome is $345,929.