The average Price for homes sold in the Quinte region in April was $651,959- This is a decrease of approximately 8 percent since last April. However, overall the trend is continuing upwards since this time last year as we are seeing prices begin to increase again. Houses are selling for 98% of list price which is an increase from what we have seen over the last few months.
Supply:
Bay of Quinte area market currently has 2.7 months supply of houses for buyers. That is how long it would take for all homes on the market to be sold to current buyers (2.7 months), if no new listings came onto the market. There is less supply than we saw even just last month, which displays an increase in the numbers of buyers looking for homes compared to how many homes are being listed on the market.
The Stats:
Brighton
Average Sale Price $669,784
Properties Sold: 24
Average Days on the Market 37
Change in Value -11.4%
Quinte West
Average Sale Price $603,679
Properties Sold: 86
Average Days on the Market 40
Change in Value -13%
Belleville
Average Sale Price $614,443
Properties Sold: 69
Average Days on the Market 23
Change in Value 9.8%
Stirling-Rawdon
Average Sale Price $719,930
Properties Sold: 11
Average Days on the Market 33
Change in Value +0.5%
*Stats are from April 2023. ITso Real Estate.
