New Homes for Sale in Sarnia
The Rapidly Changing Sarnia Housing Market
Sarnia is popularly known as a quiet oasis away from the fast-paced city life in London and Windsor. With petrochemical being the primary industry in this region, many families and trade professionals have relocated to this city. This has played a significant role in fueling population growth in Sarnia.
Notable Things about Sarnia’s Real Estate Market
In January 2021, Sarnia experienced a notable decline in home sales. This trend was due to increased demand but low supply. Various reports recorded a decrease of at least 18.8% of total sales when compared to January 2020. The low supply has resulted in high housing prices. Despite the fewer homes available for sale in Sarnia, the dollar value of all the sales still hit a new record for the year. Real estate experts suggest that housing price growth might remain inside the double-digit territory with low inventory records and tight market conditions.
Sarnia is sitting comfortably in a seller's market. This might not be a good deal for current residents hoping to upgrade in the area. However, it is appealing for buyers looking to get away from densely populated areas. The area might also be more appealing to homebuyers because of its immense natural landscape and vicinity to Lake Huron and St. Clair River.
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