The real estate market in Bradford West Gwillimbury for all property types has shown some interesting trends over the past 12 months. In the most recent month of December 2024, the average property sale price decreased by 1.12% compared to the previous month, but increased by 0.35% compared to the same month last year. This suggests a slight stabilization in the market after experiencing some fluctuations in the past year. The number of properties sold decreased from 38 in November to 29 in December, indicating a slight decrease in sales volume. However, the sales price to list price ratio remained steady at 98%, indicating that sellers are still able to achieve close to their asking price.

The average days on market increased from 33 days in November to 41 days in December, suggesting that properties are taking slightly longer to sell. The months of inventory decreased from 3.18 in November to 2.93 in December, indicating a slight decrease in supply relative to demand. Overall, the market in Bradford West Gwillimbury appears to be balanced, with prices stabilizing and sales volume showing some fluctuations. Home buyers may find more options available on the market, while sellers may need to be prepared for properties to take a bit longer to sell.

Read the full article on: Toronto Regional Real Estate Board