Welcome to our latest blog post, where we delve into the dynamic and ever-evolving real estate market of Limoges. In this comprehensive analysis, we're going to unpack the latest trends, crunch the numbers, and explore the shifts that have been shaping this fascinating market. From soaring sales volumes to shifting benchmark prices, we have scoured through extensive data to bring you the most insightful and up-to-date statistics. Whether you're a potential homebuyer, a real estate investor, or simply curious about the market trends in Limoges, this article is designed to provide you with a clear snapshot of where the market stands today. So, let's dive into the data and discover what the numbers have to say!
The real estate market in Limoges has shown varied trends over the years, as evidenced by the data from the document "limoges.pdf." Here are some key statistics:
November 2023: The total sales value was $28,625,000, with an average sale price of $477,083 and a median price of $514,000. The sales price exceeded the list price by 0.2%, and the average days on market were 26.5.
Yearly Trends: In November 2022, there was a 200% increase in sales volume compared to 2021, and a significant increase in sales price (285%) and new listings (12.5%). The average days on market decreased to 6.5 days. In contrast, November 2021 showed a decrease in sales volume by 12.4% and new listings by 14.2% compared to 2020.
Historical Data: In November 2016, there was a 45.5% decrease in sales volume and a 22.6% decrease in sales price compared to 2013. The average days on market increased to 61 days. However, November 2013 showed a substantial increase in sales volume (500%) and sales price (970.1%) compared to previous years.
MLS® Home Price Index Benchmark Price (November 2023): The benchmark price for different property types showed a mix of decreases and increases over various time frames. For instance, the benchmark price for single-family homes was $627,100, showing a 1.4% decrease over one month but a 28.2% increase over three years.
In Ottawa, as per the Ottawa Real Estate Board Market Update for November 2023:
Sales Volume: Home sales totaled 724 units, a slight reduction of 1.6% from November 2022. Sales were significantly below the five-year (31.8%) and ten-year (27.4%) averages for November.
Prices: The overall MLS® HPI composite benchmark price was $628,900, a 1.4% increase from November 2022. The average price of homes sold was $633,138, a decrease of 0.8% from November 2022.
Inventory and Listings: New listings saw a minor increase of 2.7% from November 2022, with 1,428 new residential listings. Active residential listings numbered 2,752 units, a substantial gain of 15.8% from the end of November 2022. Months of inventory increased to 3.8 at the end of November 2023.
These statistics indicate significant fluctuations in the Limoges real estate market over the years, with recent trends showing a mix of growth and decline in different aspects of the market.
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