This article will showcase the latest insights and trends in the real estate market for Brantford. Much like most of Ontario, the sale prices for homes have lowered over the last year and continue to drop to more affordable prices so more people who couldn’t afford a down payment or mortgage before the pandemic can now afford to buy their dream home.

When comparing January 2023 to the same month last year, house prices, on average, are down 26.47% and there were 102 homes sold this January, down from 155 that sold January 2022. When it comes to the number of days on the market, the average time a home is listed is three months, which is up from half a month a year prior.

These insights can help both buyers and sellers when it comes to the average length of time it will take to sell a home. Depending on the type of home, the average time the listing spends active varies, but it has been longer than last year. This gives sellers more time to find a new home before their home is sold and it gives buyers a chance to look around the market to find their dream home before time runs out.

The market conditions in Brantford are always evolving and with more condo buildings and townhouses being built, more and more homes are being bought and sold to accommodate where those buildings are being built. The market is growing with lower prices per square footage of a home and gives buyers and sellers more time to finally move into their dream home in the Telephone City.

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