May 31, 2020

WEEK 12: Newmarket's Weekly Pandemic Real Estate Market Update

Week 12 was a bit slow, but there were positive signs that things are improving. Here is a run down on what happened in Newmarket’s real estate market in our Week 12 Pandemic report.

The number of new listings was down by 31% from the same week in 2019, while the number of sales was down 56% from the same period.

The price range between $700k-$800k remains to be the most active segment of the market with 4 sales this week, bringing the total in this price segment since the state of emergency was declared to 48, which represents more than 33% of total sales during that period.

The most encouraging data point is the number of conditionally sold properties, which totals 27, is a good indicator what to expect next week.

Posted by dtoombs at 6:36 AM

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