September 2024 Real Estate Market Overview

The Peterborough real estate market for September 2024 has shown some interesting shifts compared to last year, making it a prime topic for our “Market Monday” feature. As the Sold by Shearers Team, we are committed to keeping our clients informed with the latest trends and data to help make savvy real estate decisions. Let’s dive into this month’s market stats and see what the numbers mean for buyers and sellers.

September 2024 Market Overview

Our latest September 2024 Market Minute gives a snapshot of key stats:

• 82 homes sold, a notable increase from last year’s 76 sales.
• The average sale price dropped to $597,294, compared to $620,395 in September 2023.
• Active listings surged to 276, a jump from 175 the previous year.
• Homes spent an average of 35 days on the market.

Why Fall is a Good Time to Buy or Sell in Peterborough

Fall is traditionally a strong season for real estate in Peterborough, and this year is no exception. With the cooler weather and the holidays still a few months away, it’s an ideal time for buyers and sellers to focus on their real estate goals. As we can see from the data, the market is vibrant, with an increase in sales and more inventory for buyers to explore.

Whether you’re looking to list your home before the winter or find the perfect place to settle into before the new year, now is the time to make your move. Reach out to the Sold by Shearers Team today to discuss how we can help you take advantage of the current market conditions and ensure a successful transaction this fall season.

Stay tuned for more updates and tips as we keep a close eye on the trends shaping the Peterborough real estate market! And give us a call to find out what these numbers mean if you are a buyer or seller (because they mean different things depending on what side of the transaction you’re on!) Joanne Shearer: 705-930-1750 & AJ Shearer: 705-957-9073