There is no better investment than Real Estate. Whether it’s your principal residence, a second home or a rental property, Real Estate as an asset class provides, among the many benefits, shelter, high returns, stable income, and inflation protection.
Land for single and multi-family homes is getting more scarce and expensive due to population growth. When demand increases and supply decreases, prices have nowhere to go, but up.
The September 2019 Statistics below shows that 7,825 sales were reported through TREB’s MLS® System. This result indicates strong year-over-year sales growth of 22 percent compared to 6,414 sales reported in September 2018. The Supply of listings continues to be a concern. We have experienced multiple months this year where annual sales growth has outpaced the annual rate of new listings. This points to tightening market conditions and also an accelerating annual rate of price growth, which is 5.8% for the month of September 2019 and is the highest point so far in 2019.
If you or someone you know is thinking of Buying or Selling a home and would like a free Market Evaluation or region/neighborhood-specific statistics; or if you have any Real Estate questions, please call me I will be happy to help.
Your Friend in Real Estate,
Christine Ivy Stephenson | Real Estate Agent
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