Your offer should reflect the home, comparable sales and the maximum price you are comfortable offering. I'll help you separate those considerations so a market statistic doesn't become an automatic bidding rule.
Fraser's September 2026 report covers single-family homes, condos, townhouses and apartments. The report's Sold to List Price % metric was 101.3%. Months of inventory stood at 2.15, calculated by dividing month-end active listings by the rolling 12-month average of newly pending listings. The median sold price was $240,000, a townwide measure rather than a valuation of the home you are considering.
The reported sold-to-list price percentage cannot set your personal offer limit or justify automatically bidding above a home's asking price. It also does not establish how often homes sold above asking or whether a particular home attracted competing offers. I would weigh the home's condition and similar completed sales before discussing a reasonable offer range, keeping your financing and comfort level in view.
Confirm your comfortable payment and money needed at closing with your lender before settling on an offer amount, including taxes, insurance and any association fees. Compare the home's size, condition and features with similar completed sales, noting differences that could affect its value to you. Review which financing and inspection protections you need before changing the offer conditions, and understand the risks of any proposed waiver.
