RE/MAX Sarnia Real Estate - Homes and Properties for Sale. for Beginners

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SOLD: 709 Elm Street, Sarnia, Ontario — MLS 201568746 - Sarnia Real Estate

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Post content March's 4. 1 percent increase in genuine estate listings in Sarnia and the rest of Lambton County was a welcome sign for its long-running seller's market.  eXp Realty Canada  "We are seeing more listings appear," Rob Longo, president of the Sarnia-Lambton Real Estate Board, said about the regional market's March statistics.

" That's an excellent trend," Longo said. "If we can see the variety of brand-new listings continue to trend upward, that will help to relieve some of this pressure from the market." Like other markets throughout the country, the Sarnia area has numerous buyers and a low variety of listings. The existing number of homes available for sale in Lambton sat in March at 0.

" We 'd truly like to see it at 3 to 4 months" of inventory, Longo said. The variety of active local property listings sat at 112 in March, which is down about 70 percent from 2016 when the community was experiencing a more "balanced" market, he stated. Last month, regional homes were costing 106 per cent of their asking cost and rested on the market for only about eight days.

A Biased View of Sarnia Real Estate - 1500 Murphy Road - YouTube

In March 2019, it was 17 days. "Even if we can see the variety of listings begin to trend up," it will require time for the marketplace to return to a balance in between the supply and need for homes, Longo stated. "It will be a long-lasting sort of change, if there is modification," he stated.

Real Estate Listings In Sarnia Ontario

Short article content Longo said the board approximates that between 15 and 20 percent of buyers are currently from out of town, which is a bigger number than in the past. That follows a trend being seen in other smaller sized markets thought to be fuelled by buyers from cosmopolitan locations such as Toronto, who are drawn by lower prices and the increase in working from house.