The following are first quarter numbers for the Scarborough single family housing market.
The number of current homes on the market are down by 3.4% to 338 homes. The number of sales are up by 14% to 33 sales. The median sales price has crept up by 5.4% to $298,750. The absorption rate has fallen by 14% to 52 months of available inventory.
Analysis: sluggish winter market indicating a slow start to the year, positive increase in volume and value. Positive decrease in absorption rate.
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