Want to Know what's Happening in Ingersoll?
Unit sales have fallen 9.92% for the 8 month period ending august 31, 2011 when compared to the same period for the previous year. Unit sales now sit at 118 homes sold versus 131. However sales were stronger in August itself finishing with 18 sales versus 16 for 2010.
However prices are holding. Prices in Ingersoll actually rose 2.9% ($5,700) for the 8 month period ending August 31, 2011 finishing up at $199,653. Prices levelled marginally in August 2011 to $198,949.
The number of active listings currently sits at 84 versus 88 a year ago. Based on year-to-date sales, this translates into 5.7 months supply or slightly under 6 months which by definition is a balanced market. This is an important statistic when selling a home because there are fewer comparable properties to choose from.
Home owners are getting an average of 96% of asking and it takes 68 days to sell a home versus 88 days a year ago.With Low interest rates and reasonable prices, First Time Buyers are still driving an active market!
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