Bay of Quinte Market Update: March

The average List-to-Sale Price Ratio in March was 97.7%- slightly higher than the previous months average. Compared to last March, the peak of the real estate market, when the List-to-Sale-Price Ratio was 115.4%.

Supply:

Bay of Quinte area market currently has 2.9 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(2.9 months), if no new listings came onto the market This is an increase from last months number of 1.9months of supply, which is expected given that SPRING is the busiest season for listings + homes for sale.

The Stats:

Brighton

$618,640 | -32.4%

Properties Sold: 20

Average Days on the Market 36

Change in Value -34.8%

Quinte West

$533,683 | -28.5%

Properties Sold: 46

Average Days on the Market 25

Change in Value -29.4%

Belleville

$567,795 | -12.5% Properties Sold: 75

Average Days on the Market 36

Change in Value -12.1%

Stirling-Rawdon

$533,125 | -33.9%

Properties Sold: 7

Average Days on the Market 46

Change in Value -33%

*Stats are from March 2023. ITso Real Estate.