Huron Perth Association of REALTORS®

Market Conditions


Single Detached

Months of inventory for single detached homes numbered 0.6 at the end of the first quarter of 2022, unchanged from the 0.6 months recorded at the end of the first quarter of 2021.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Due to an equally balanced market, homes spent the same amount of time on the market in the first quarter of 2022 as they had a year earlier.

The median number of days on market for single detached homes was 8 in the first quarter of 2022, unchanged from 8 days in the first quarter of 2021. This was the lowest level of median number of days on market for single detached homes ever recorded in any quarter.