As we wrap up the winter season and prepare for the spring market, here's how the Princeton real estate market fared during the first quarter of 2022. The first 3 months continued with high demand as buyers locked into their mortgage pre-approval's before interest rates rise further throughout the year. The biggest challenge continues to be limited housing supply as property sales year-to-date are down 16% compared to the previous year, but the average price continuing to rise by 37%.
Princeton 1st Quarter Market Update
Keremeos property sales year-to-date are down 12% compared to the previous year, but the average price continuing to rise by 35%.
Keremeos 1st Quarter Market Update
* Market stats obtained from the real estate board of INTERIOR REALTORS