So far it appears to be a reasonable Seller’s market. Lack of supply remains the primary challenge. Even so, we don’t expect things to get out-of-hand and repeat 2017’s ridiculous spring market. Trends we are seeing;
• a massive decline in Toronto Buyers.
• multiple offers being accepted WITH conditions (finally, equitable real estate has returned!).
• properties selling just below or at asking price. A few are going over asking.
• price reductions nearly daily and primarily in the price point above $550,000.
Our Short Term Advice
Sellers – Great time to sell and the window WILL close once we get to May/June. If you are considering downsizing, now is the time to enjoy the greatest financial gain.
Buyers – If you are buying today, take your time, get the right house. If you wait until the summer months (June+) you will likely find a better deal. Keeping in mind that the summer months also offer less inventory.
The above advice is general – we all have unique circumstances. If you are thinking about real estate then it is never to soon to give us a call and start the conversation.
Selling? Buying? Planning home renovations? Re-mortgaging? Want to invest in Real Estate (but don’t know how)? Every year we help people make smarter decisions, save thousands of dollars, and to invest with success. Experience counts and we have a lifetime of specialized experience for you to benefit from plus we genuinely enjoy being helpful and contributing to your overall success and happiness.
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