MLS® statistics for the month of April 2020
In March we were asked by the government to change the way we do business. I am happy to say both realtors and members of the community adapted to the new way in which homes are bought and sold.
With our clients and community in mind we have been successful at facilitating essential purchases and sales in a virtual world, keeping the safety of all involved our number one priority.
April numbers are as expected in light of current situation.
Residential sales were down by 41% and listings down by 48% as compared to April last year.
Our average sale price has stayed steady with a 4% increase over 2019. this is reflective of the of the continued lack of supply versus demand for housing.
As the province lifts some of the restrictions we expect real estate to continue to stabilize and realtors will continue to adapt and be creative in the way we market homes.
BOARD & ASSOCIATION INFORMATION
The Sarnia-Lambton Real Estate Board, established in 1944, is a non-profit organization. The County of Lambton, of which Sarnia is the principal city, is bounded on the North and West by the crystal blue waters of Lake Huron and the St. Clair River. The REALTOR® and MLS® trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).
SARNIA-LAMBTON REAL ESTATE BOARD