Houses are still selling

Traditionally, this is the time of the year when the residential market slows down. It has a bit, but over the past week or two, we have seen a few offers on properties. Perhaps, this is because I was away for a week, and I should leave more often??? There are currently 14 houses for sale on the MLS system within the Town of Vulcan. Surprisingly, only three of them are listed below the $200,000 mark. One of them I have a pending offer on. This is a bit of a shock in that our average house price this year so far has been under the $170,000 mark. It is not like we are seeing house prices go up. The fact is that we are seeing the affordable properties sell, leaving the higher priced inventory to sit. It should be interesting to see what happens for the remainder of 2015, and the start of 2016 in the residential marketplace.