Local housing market shifting from seller 'back to buyer's hands'
The number of local home sales and the average prices of those homes continues to decrease.
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The number of local home sales and the average prices of those homes continues to decrease.
The red-hot housing market is cooling, with a decrease in the number of local homes sold and a drop in prices.
Despite there being substantially more properties on the market than there were in April, the number of local home sales dropped in May.
Low inventory during the active spring market continues to keep area home prices high.
Author of the article: Sudbury Star Staff Publishing date: Jan 30, 2021 • February 1, 2021 • 3 minute read • Article content A policy report by the Ontario Real Estate Association identifies the creation of opportunity zones, as well as rural high-speed Internet and natural gas expansion among policies that can reverse economic and social decline in small and Northern communities. Small Towns, Big Opportunities: Unlocking Growth in Ontario’s Rural and Northern Communities says a growing desire for homes with more space and outdoor amenities and greater opportunities to ...