January 2022 Market Report: The Market Remains Competitive

The market is as competitive as we have ever seen. Looking across all markets prices are up an average of over 40% over the past 12 months and the demand for homes has never been higher. If you are thinking about selling, NOW is the perfect time to beat the spring market.

Brantford

Average Sale Price – $889,520 (December: $781,486)

In January, 122 properties were sold – an increase of 13% from the same month as last year. At the same time, the number of total homes for sale has decreased by 3%, and the number of new homes coming onto the market has increased by 33%. The time to sell a home was 11 days on average. The average selling price is currently 127.9% of the asking price.

Paris

Average Sale Price – $1,138,956 (December: $1,063,833)

In January, 26 properties were sold – an increase of 117% from the same month as last year. At the same time, the number of total homes for sale has decreased by 27%, and the number of new homes coming onto the market has increased by 55%. The time to sell a home was 9 days on average. The average selling price is currently 119.1% of the asking price.

Brant County

Average Sale Price – $1,372,602 (December: $1,155,710)

In January, 39 properties were sold – an increase of 70% from the same month as last year. At the same time, the number of total homes for sale has decreased by 30%, and the number of new homes coming onto the market has increased by 317%. The time to sell a home was 13 days on average. The average selling price is currently 115% of the asking price.

Woodstock

Average Sale Price – $822,983 (December: $753,676)

In January, 78 properties were sold – an increase of 123% from the same month as last year. At the same time, the number of total homes for sale has increased by 31%, and the number of new homes coming onto the market has increased by 107%. The time to sell a home was 10 days on average. The average selling price is currently 119.4% of the asking price.

Haldimand

Average Sale Price – $894,950 (December: $750,899)

In January, 51 properties were sold – an increase of 59% from the same month as last year. At the same time, the number of total homes for sale has remained steady compared to last year, and the number of new homes coming onto the market has increased by 56%. The time to sell a home was 10 days on average. The average selling price is currently 107.2% of the asking price.

Norfolk

Average Sale Price – $721,025 (December: $667,709)

In January, 59 properties were sold – a decrease of 13% from the same month as last year. At the same time, the number of total homes for sale decreased by 20%, and the number of new homes coming onto the market has increased by 22%. The time to sell a home was 27 days on average. The average selling price is currently 110.3% of the asking price.

Oxford County

Average Sale Price – $856,683 (December: $736,483)

In January, 136 properties were sold – an increase of 46% from the same month as last year. At the same time, the number of total homes for sale has decreased by 40%, and the number of new homes coming onto the market has increased by 33%. The time to sell a home was 13 days on average. The average selling price is currently 115.5% of the asking price.

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