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Numerous houses were still offering above their asking prices in the Sarnia area in July, but that fact alleviated somewhat from the previous month, according to the Sarnia-Lambton Real Estate Board. This advertisement has not loaded yet, however your article continues below. The regional market's sales-to-list-price ratio was 104 per cent in July, compared to 108 percent in June, the board said in its regular monthly release of local market data "We're definitely starting to see it shift a bit," said board president Rob Longo.

But the year-to-date mean house rate in the market remained at $435,000 in July, the same level as June. "I think we're going to start to see costs stabilize themselves rather than the huge gains we have actually had over the last number of years," Longo said. "We're still seeing a hectic market." There has actually been a total of 1,223 home sales in your area since the beginning of the year, for a total year-to-date sales volume of almost $606.

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But the year-to-date number of houses listed for sale dropped to 136 in July, which is a record low for that month, Longo stated. The number sat at 217 in July 2020.  This Article Is More In-Depth  of active listings had actually been going up previously this year, "however we've seen that reduce," he stated.

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" Individuals are getting out more. They can take a trip, they can do various things. Maybe their focus has actually shifted a bit towards that after being cooped for so long," he stated. But the absence of houses on the market is "a complex problem to solve," Longo included. This ad has not loaded yet, however your post continues below.