Meaford Real Estate Statistics

Meaford Real Estate Price Trend
Meaford real estate average sold price in the last 30 days (May 24 - June 22) was $1,491,857, which is $286,857 (19.2 %) higher than the average price of $1,205,000 in the previous 30 day perdiod (April 24 - May 23), and $654,357 (43.9 %) up from the same period 1 year ago ($837,500). Meaford real estate prices over the last 30 days are also $580,154 (38.9 %) higher than the average selling price of $911,703 over the past year.
Meaford average sold price for homes was $1,491,857 in the last 30 days (May 24 - June 22), which is $286,857 (19.2 %) up from the average home price of $1,205,000 in the previous 30 day perdiod (April 24 - May 23), and $654,357 (43.9 %) higher than the same period 1 year ago ($837,500). In the last 30 days Meaford the average home price was $565,130 (37.9 %) higher than the average selling price of $926,727 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Meaford real estate was $1,491,857 in the last 30 days (May 24 - June 22), which is collectively $44,114 (4.1 %) lower than the average asking price of $1,079,235. This represents a decline of $44,614 (8,922.8 %) compared to $500 (0.0 %) Sold-Over-Asking price from the previous 30 day period (April 24 - May 23).
The maximum Sold Over/Under Asking ratio in Meaford during the last 12 months was recorded in March, 2021 with an average of $82,000 over the asking price, while the minimum occurring in June, 2020 with $33,610 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Meaford was 50.0 % with 7 properties sold and 8 new properties listed in the past 30 days (May 24 - June 22). This represents a decrease from 100.0 % recorded during the previous 30 day period (April 24 - May 23), and a decrease from 75.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in Meaford was 400.0 % recorded in August and the lowest was in October at 42.9 %. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 7 properties that were successfully sold in Meaford in the last 30 days (May 24 - June 22) was 27 days, which is 11 days more than 16 days average in the previous 30 day period (April 24 - May 23) and 20 days shorter than during the same period a year ago (47 days).
There were 8 delisted properties in Meaford, those that got either Expired, Suspended or Terminated over the last 30 days (May 24 - June 22) with an average of 45 days on the market. This is 4 days longer than the average of 41 days during the previous 30 day period (April 24 - May 23) and 67 days less compared to the same period last year average of 112 days on the market.
8 Meaford properties that didn't sell stayed on the market 66.7 % longer than 7 that sucessfully sold over the last 30 days - 27 days when sold vs 45 days when delisted respectively.
Average Days on the Market in Meaford over the past 12 months for properties that have sold was 43.5 days, with 75.3 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
14 new properties were listed on the market in Meaford in the last 30 days (May 24 - June 22). During the same time 7 properties were sold and 8 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 1 properties (or 7.1 %).
During the previous 30 day period (April 24 - May 23) there were 8 new properties listed, 8 sold and 6 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 15 new properties listed, the slowest - April with 1 new listings and a yearly average of 6 new listings per month.
New Real Estate Listings by Property Type
There were a total of 14 homes listed during the last 30 days (May 24 - June 22), which is 100.0 % of all properties listed in Meaford. This is a 75.0 % increase compared with a previous 30 day period (April 24 - May 23) and 250.0 % up from the same period a year ago. Over the past year an average of 5 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 7 homes sold during the last 30 days (May 24 - June 22), which is 100.0 % of all properties sold in Meaford. This is a 12.5 % decline compared with a previous 30 day period (April 24 - May 23) and 133.3 % up from the same period a year ago. Over the past year an average of 5 homes are were sold per month.
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