New Downward Trend in Price Cuts for Ontario Real Estate Market

Despite a recent downward trend in sellers reducing price, including 88 markdowns over the last 30 days, sales in the Ontario market rose to 128 over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. As the number of sellers reducing price trended lower, months of inventory still continued to fall, trending downwards for four weeks to reach two months. With inventory so low and sales rising, Ontario is a definite seller's market.

Early bird gets the worm, so be sure to take a look at these new listings in Ontario:

$228K   $237K   $337K  

Get started right now by checking out Ontario homes for sale or reviewing Ontario real estate trends.

Demographic facts about Ontario:

  • There are 5.3% vacant homes.
  • Average number of sunny days is 279 per year. (U.S. average: 205)
  • The student per librarian ratio in this area is 6,547:1. (803:1 = national average)

Data reported through 10/12/2016

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