Real Estate News

Weekly Market Snapshot: March 24- April 27, 2023

The market is fairly stable and balanced. It’s still a Sellers market because of the lower supply and high demand. Buyers have returned because interest rates are more predictable.

Some Sellers are reluctant to sell because average prices are lower than last year. And if people don’t have to sell, it’s not enticing to sell for less than the neighbors got last year.

It’s becoming a very strong Sellers Market south of here in the GTA. Inventory is low and demand is high. Sellers and Agents are again underpricing and holding offer date bidding wars.

Locally the nicest, well priced, affordable homes are seeing multiple offers, but less than 5.

Buying and selling in this market requires a professional and experienced agent.  Please let me know if I can help in any way, I’m here to help.

All my best!

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Brian Lafazanos
Brian Lafazanos
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