Well, we see the tides changing. We are coming into a seller’s market in Canadian Lakes. While it is still at the transition point, we see less inventory and more multiple offers. All signs lead to the beginnings of a seller’s market.
Caution – don’t overprice your home just yet. It is going to take a bit of time for all of this to digest. Remember just a few short years ago, sellers would not believe that the market prices were going “that low”. Well they did – and they were – we just didn’t want to believe it. It took time for sellers to get on the right track and lower their prices. We will most likely see this happening the other way around now. Buyers will not believe that prices are truly going up and they will not be able to buy a home without a bidding war. So, make it count – that first offer that is. Make it good so that you are the best in the bunch trying to buy that home! Success will be with those that truly know what the market is doing.
Yes indeed – we are coming into a seller’s market!