Halton Hills Housing Update - Ep.279

Welcome to this week's Halton Hills housing update! So, I would say this week's update is pretty good. It's not a doom and gloom update, so that's a positive. So, looking at last week's numbers, in Georgetown we had 12 sales which is a decent number. We also had 18 new listings which isn’t great considering the gap between sales and new listings, but we had some terminations this week that helped keep inventory at bay. Acton had four sales this week, which is high for Acton, but they also had six new listings. Glen Williams had no sales and no new listings and the rural market had no sales and six new listings. Another thing I’m watching is where the pricing of our sold properties is falling, so of the 16 sales this week, 10 of them were under a million dollars which has been the trend lately. Looking at properties that made adjustments to their listings, we had three properties that relisted at the same price, nine that decreased their price and 10 properties that came off the market. This really helped keep inventory stable this week. 

Looking at active inventory, Georgetown stayed the same this week at 131 active listings, which is great news. We haven’t really hit the super saturated point in our market just yet, but if we see inventory increase any more, it will get there. Looking at our price points, under $800,000 stated the same at 22. Eight hundred thousand to one million is up from 33 to 34, which is a lot of properties for this price point. One to 1.5 million is actually down this week from 60 to 58 which is still very high but at least it didn’t increase and 1.5 million plus went from 16 to 17 listings. That is still a pretty low number for that price point, but we aren’t seeing many sales in this pocket. Over the past two weeks I think we’ve only had one sale. So, looking in Acton, we are finally in the 30s. This week we went from 29 to 30 active listings and this is a lot for Acton. I hope we continue to see high sales here. Glen Williams remained the same at nine this week and the rural market went from 50 to 55. The rural market is really dead right now. This is partially because Georgetown is starting to feel saturated and also because the price points in the rural market are a lot higher. 

This week was a decent update! We had some strong sales and our inventory levels didn’t skyrocket. It’s been a dicey few weeks feeling like we are on the edge of inventory skyrocketing, but if we keep seeing sales and terminations, hopefully things don’t get too insane. So, I’ll be back next week with May’s numbers. Have a great week!