Real Estate Market Update – May 2019 (Sarnia-Lambton)

Real Estate Market Update – May 2019 (Sarnia-Lambton)


Hey everyone Sean Ryan here from the Ryan Realty Group and eXp Realty and let’s break down Sarnia-Lambton’s real estate
market update for May 2019. We had 357 active listings in May and 151 sold just
totaling above fifty point nine million in sales.
With around 27 days to sell the average sale price just above three
hundred & thirty-seven thousand. This is close to a four percent increase
compared to May 2018. Fifty percent of those homes sold in between the two
hundred and four hundred thousand dollar price range. There were eighteen
more homes on the market in May compared to April and the number of sales
increased by forty-eight. So a couple of things we’re still seeing right now is
we’re still seeing a big demand for rental property of a long list of
tenants looking for good accommodations. So great time to get into the rental
market and also here investors a great time to sell those investment properties.
And we’re still very much in a seller’s market but we’re not seeing the bidding
wars as crazy as they were let’s say last year in May. Hope you enjoyed your
May 2019 market update. Please like and share this message and we’ll see you
next time.

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