Last Updated on July 27, 2024
With the recent boom in demand sparked by Covid, and an increasing shift to working from home as people look for cheaper living options, the local housing market has been buzzing with activity. The surge in sales translates to strong demand for local homes and has put upward pressure on prices.
The Peterborough real estate market is also seeing a steady increase in the number of homes for sale. In March 2024, the average residential listing price was $646,837, a significant increase from the figure of $623,730 in the same month last year.
This has made the city an attractive option for buyers looking to get into the market before prices start to rise again. However, it is important to work with a realtor who understands the nuances of this market. By doing so, they can help their clients find the best possible deal on their next home and avoid overpaying. The city of Peterborough has a handy interactive mapping system called the e-Map, which makes it easy for residents and visitors to find their way around. It features a search box, points of interest, bus routes and other useful information about the community. The system can be accessed on the city's website.
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