Limoges Real Estate Market Update November 2023

In the ever-shifting landscape of Limoges' real estate, recent statistics reveal a market of intriguing dynamics. Let's cut through the noise and focus on the essential data that defines the current state of this vibrant market.

The Current Pulse: November 2023

As of November 2023, the total sales value in Limoges hit $28,625,000, with an average sale price of $477,083 and a median of $514,000. Interestingly, sale prices slightly edged over the list prices by 0.2%, while properties spent an average of 26.5 days on the market​​.

A Look Back: Varied Yearly Trends

The market has experienced remarkable fluctuations over the years. For instance, November 2022 saw a 200% spike in sales volume and a substantial 285% increase in sales price compared to 2021. The average days on market dropped significantly to just 6.5 days​​. Contrastingly, November 2021 witnessed a downturn, with sales volume and new listings dropping by 12.4% and 14.2%, respectively​​.

Historical Peaks and Valleys

Delving further back, November 2016 and 2013 present a stark contrast. While 2016 experienced a decline in sales volume (45.5%) and sales price (22.6%), 2013 was marked by soaring increases – sales volume up by 500% and sales price by a staggering 970.1%​​.

MLS® Home Price Index Benchmark: November 2023

The benchmark price for various property types in November 2023 showed mixed trends. Single-family homes, for example, had a benchmark price of $627,100, indicating subtle fluctuations over different periods​​.

Ottawa's Wider Picture

Expanding our view to Ottawa, the real estate scene in November 2023 saw 724 homes sold, a slight dip of 1.6% from the previous year. This figure was notably below the five and ten-year averages for the month​​. Prices showed modest gains, with the overall MLS® HPI composite benchmark price at $628,900, up 1.4% from 2022​​.

Inventory Trends

In terms of inventory, there was a minor 2.7% increase in new listings from November 2022, with active listings registering a significant 15.8% rise. This marked the highest November figure in over five years​​.

Limoges real estate market, with its ups and downs, continues to captivate with its complexity and variability. Whether you're an investor, buyer, or market watcher, these insights offer a lens into the current and historical dynamics of this intriguing market. Stay informed and watchful as this market evolves further.