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" It's the very same sort of thing we've been preaching for the in 2015 or so, however certainly just appears to be becoming worse." The 111 listings tape-recorded last month was down from 143 in the same month the previous year while the number of sales dropped to 78 compared to 99 in January 2020.


However the typical cost of homes sold in January was up more than 25 percent to $436,771, and the $36. 6-million total real estate sales volume for the month was up slightly from January 2020. " eXp Realty Canada would clearly like to see some more stock," Longo said. "It would take a lot of pressure off the market." The less home listings readily available, the less most likely it is sellers will discover a property to buy and put their houses on the marketplace.


The Sarnia location continues to see buyers moving to the community from somewhere else, he said. The truck rental company, U-Haul, stated last month Sarnia was the number 10 city for growth in Canada according to its information. People pertaining to Sarnia in one-way U-Haul trucks increased 2 percent in 2020 while departures fell 3 percent.


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Post content "We've been seeing that pattern over the last year truly," and particularly in the last 6 months, Longo said. He stated the board has actually been tracking approximately 15 brand-new families moving into the Sarnia location every month. "It's a mix of senior citizens, youths, some young households.


which is a good thing to see," Longo said. Out-of-town purchasers are frequently benefiting from the shift to working from another location and are drawn by the Sarnia location's fairly low home prices. Those new citizens are a welcome trend, however it reduces the stock of homes in the regional market considering that homes out-of-town purchasers may be offering remain in other communities, Longo said.


" The kids going back to school can be another excellent factor," he stated. The return to classrooms may take pressure off households who have been thinking about listing their homes. "At least if the kids are back to school, it releases up a long time for them to tidy and get arrange and perhaps potentially show your home," Longo said.


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