NEWMARKET MARKET UPDATE February 2025 Sales Performance Breakdown
February saw the lowest sales volume in Newmarket since 1995, with only 68 homes sold. Detached homes led the way with 45 sales, while townhomes and condos lagged behind. Despite the slowdown, nearly half of all homes sold at or above asking, proving that well- priced properties still attract strong offers. The number of
active listings, divided by the number of monthly sales, meant a Months of Inventory figure of 3.22, while lower than January’s MOI of 5.28, it’s right around what the average was for 2024. Sellers need to price strategically to stay competitive.
Team Leader & Broker Darcy Toombs
Page 6
Data provided by The Habistat's Analytics Platform, in partnership with PropTx. Data subject to change.
Made with FlippingBook - professional solution for displaying marketing and sales documents online