North Bay Real Estate Board

Market Conditions


Single detached:

Months of inventory for single detached homes numbered 2.5 at the end of the first quarter of 2020, down slightly from the 2.9 months recorded at the end of the first quarter of 2019.

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.

With a tighter market, homes spent less time on the market in the first quarter of 2020 than they had a year earlier.

The median number of days on market for single detached homes was 22.5 in the first quarter of 2020, down slightly from 26 days in the first quarter of 2019.