Hi everyone. Welcome to this week's Halton Hills housing update. So we saw a few different trends happen this week versus what we saw for the first few weeks at the start of January. So looking at this week's numbers, Georgetown sales were at six. That is kind of low, but I actually think it's because there's not like a ton of stuff available.
Welcome to this week's Halton Hills housing update! We saw a few different trends this week compared to the first two weeks of January, so let’s get into it! In Georgetown this week we had 6 sales which is a bit low, but there isn’t a ton of inventory right now. There are a lot of properties in the sold conditional status so next week we may more sales. There were also 12 new listings this week, which isn’t crazy high, but it was more than our sales and it’s showing that sellers are coming back to the market. Acton had one sale and no new listings, Glen Williams had two sales and one new listing, and the rural market had no sales and four new listings. Of the nine sales we had this week, only four of them were over a million dollars, which is the opposite of what we’ve seen over the past few weeks. We are still seeing movement over the million dollar mark though which is good news but I worry that if we have a ton of inventory over a million dollars, sales will slow down again. I’ll be watching this closely! Another thing to note is that of the nine sales, six of them were only listed for less than two weeks. It’s showing sellers that if you come on the market at a good price and you’re a good product, you can move quickly. Buyers are out and the market is moving. We also had six properties reduce their price this week, three exit the market, and one re-list at the same price. When our market is busy, we typically have fewer Sellers changing their price and coming off of the market. We still have a few properties that have been listed for sale hire a while who are making price adjustments, but I think we will see fewer sellers adjusting their pricing as the market continues to move. A few properties also sold for more than their asking price, and a few hold off offers, so that’s another trend that may be starting.
Looking at active inventory, all of Halton Hills is up to 123 active listings which is no surprise. We did see a gap between sales and new listings so it was bound to happen. We need more weeks where we’re balanced as opposed to one week with crazy high sales and another with crazy high listings. We need security and consistency! Georgetown this week is up slightly from 70 to 72 active listings. Within that, the under $800,000 price point is down from 11 to 9 active listings. So again, talking about all of the inventory that's moving, those properties are one of the pockets that are. Eight hundred thousand to a million is the same this week at 18 active listings. One to 1.5 million is up from 22 to 26 and 1.5 million plus remained the same at 19. Looking at Acton, we are down this week from eight to seven listings which is incredibly low for Acton. There isn’t a lot of inventory listing here so if you’re a seller in Acton, now is a great time to list! Glen Williams is also down from five to four listings and the rural market is up from 36 to 40. Forty listings in the rural market is high and they really need the Georgetown market to pick up before they will see action.
So that's this week's update. I think that we had a really strong January. When we look at where we came from in 2024, we had a decent number of sales and pricing looks like it’s slowly climbing. We had a lot of sales in our million plus price point and we weren’t seeing a ton of movement there in 2024. I think overall, going into February we are in a good spot with lower inventory and active buyers. We have a few bidding wars here and there so there’s definitely indicators that we’re going to have a strong spring. So, I will be back next week with January’s numbers. Have a great week!
Post a comment