Typically, the summer and winter months account for a slower-paced real estate market distinct with a higher number of active listings and a fewer number of motivated buyers seeking to purchase real estate. This year; however, the real estate market has been on a tear over the past couple of months. This summer we have experienced a pronounced jump in sales activity, fifteen consecutive months of year-over-year appreciation in the average price of resale properties, and a sales-to-new listings ratio that is encroaching on a market that favours sellers. While there has not been much relief for buyers overall, let alone first-time homebuyers, in terms of competition and inventory, slack has ...
Comments
Post a Comment