"Analyzing the Real Estate Market Trends in Pickering: A Balanced Market with Competitive Pricing"
The real estate market in Pickering for all property types has shown some interesting trends over the past 12 months. In the most recent month of December 2024, the average price of properties sold was $984,991, which is a slight increase from the previous month's average of $965,665. However, when compared to the average price one year ago of $1,012,060, there has been a slight decrease. The number of properties sold in December was 68, which is a decrease from the previous month's 140 sales, but an increase from the 86 sales one year ago. The average days on market in December was 32 days, which is an increase from the previous month's 24 days, but a decrease from the 26 days one year ago.
The sales price to list price ratio in December was 99%, which is consistent with the previous month and one year ago. The months of inventory in December was 3.03, which is an increase from the previous month's 2.24, but a decrease from the 4.81 months one year ago. The sales to new listings ratio in December was 83.95%, which is a decrease from the previous month's 64.22%, but an increase from the 27.22% one year ago. Overall, the data suggests a balanced market in Pickering for all property types, with prices stabilizing and inventory levels remaining relatively steady. Buyers and sellers can expect a competitive market with reasonable pricing and a good selection of properties to choose from.
Read the full article on: Toronto Regional Real Estate Board
