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Home listings in Sarnia rose in September, with record inventory and a buyer-friendly market emerging.
New home listings in the Sarnia area rose to 354 in September, up from 256 in August and 333 in July, with year-to-date listings increasing over nine percent, according to the Sarnia-Lambton Association of Realtors.
Active listings hit a record 645, indicating more than a four-month supply.
Despite a 6% year-to-date sales increase and 145 sales in September, the market is showing signs of shifting toward buyers, with a sales-to-new-listings ratio of 41% and average prices slightly down to $505,792.
High inventory and potential rate cuts may boost buyer leverage, especially if winter sales slow.
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Las listas de casas en Sarnia aumentaron en septiembre, con inventario récord y un mercado amigable para los compradores.