Average price for a single-family home drops nearly $14,600 quarter-over-quarter
The Bank of Canada's campaign to quell inflation appears to have put the squeeze on Prince George's real estate market.
As well, most-recent year-to-date average sales price is down $2,150 from the figure reached by the end of the second quarter. "Despite this increase in listings, active listings remain well below balanced market levels due to the long running decline in listings since 2010," BCNREB says. "Other indicators like average price and days on market are trending towards a softer market, but still gradually.
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