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2017 SLUGGISH YEAR FOR RESIDENTIAL SALES

During the year there were 3,271 residential sales reported in all geographic areas, down 4% from 3,408 recorded in 2016. This is the fewest number of sales in the past ten-year period and the lowest since 2006 when 2,943 sales were reported. Sales in the city came in at 2,677, a decrease of 5% from 2016's 2,814.

 

The number of active listings for sale on the market , particularly in the city, was consistently higher throughout the year when compared to recent years. This was due to fewer sales, it is taking longer for homes to sell and a higher number of new listings coming on the market during the year.

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