FEBRUARY 2013 MEDIA RELEASE

OUR MLS® STATISTICS FOR THE MONTH OF FEBRUARY WERE INTERESTING.

THE MARKET EXPERIENCED A 17% DROP IN SALES WITH AN 11% DROP IN LISTINGS. AT THE SAME TIME, WE EXPERIENCED A 25% INCREASE IN EXPIRED LISTINGS.

HISTORIC TRENDS INDICATE AN INCREASE IN SALES WHEN THERE ARE LESS LISTINGS AVAILABLE HOWEVER, WITH AN INCREASE IN EXPIRED LISTINGS, YEAR TO DATE, MARCH SHOULD PRODUCE AN OVERALL STRONG BALANCE.

ONE HUNDRED AND SIX HOMES (106) HOMES SOLD IN FEBRUARY WITH A VOLUME OF $21,556,000.

AS OF FEBRUARY 24, 2013, SARNIA ALONE GAVE BUYERS ONLY 193 RESIDENTIAL HOMES TO CHOOSE FROM. ALLOWING SUPPLY AND DEMAND TO RULE FOR THE COMING MONTH OF MARCH; THIS IS A GREAT TIME TO LIST YOUR HOME!

DEARL HILL, PRESIDENT

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