Market shift toward sellers expected, As sidelined buyers return
Peterborough & The Kawarthas, ON
2023 RE/MAX Cottage Trends Report
• A balanced market is expected to shift in favour of sellers in the months ahead, as warm temperatures bring sidelined buyers back into the market.
• 2023 is off to a strong start with 100 listings in the first quarter of 2023, above the 82 listings in the first quarter of 2022.
• Waterfront locations are the number one feature for buyers in Peterborough and the Kawarthas, followed by large outdoor/greenspaces and access to recreational activities like skiing and watersports. Good quality homes and the correct listing price expected to be the key sales drivers.
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$855,858
2023 (January-March)
average price
$1,243,442
2022 (January-March)
-31%
Year-Over-Year
-48.3%
Year-Over-Year
62 unit sales
2022 (January-March)
32 unit sales
2023 (January-March)
Sales stats
market outlook
-15%
2023 Sales Estimate
+4%
2023 Price Estimate
-31%
Year-Over-Year
$1,243,442
2022 (January-March)
$855,858
2023 (January-March)
Average price
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Seller's Market
Seller's Market