Newmarket Real Estate Weekly Report February 26th – March 4th 2018

166 New Homes came up for sale this week in Newmarket. Of those homes for sale, 29 are townhomes & semi-detached, 122 detached homes and 10 Condo Townhouses and Semi’s as well as 5 Condo Apartments. During the week 26 homes sold in total. The breakdown of sold homes this week consisted of 9 Townhomes and Semi-Detached, 15 Detached Homes, and 2 Condo Townhouses. As I expected, we are seeing a steady supply of homes continue to come up for sale in Newmarket.  Local Buyer interest and activity is picking up this week to accompany this new infusion of home listing inventory especially in the lower priced more affordable Townhome, Semi-Detached segments of the market. I see the total number of homes selling per week slowly increasing as the weeks pass by and we get deeper into March in what’s recognized as out “traditional” spring real estate Market here in the Newmarket area. The listing and selling activity over next few weeks will be a good indicator for how the spring 2018 real estate market will continue to shape up.

 

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