Quick recap as to what’s happened in the past year! We started out with a Buyers’ Market and it’s evolved and gradually made its way over to a more balanced market. Sales are still strong! There is lots of inventory moving and this time of the year, inventory is getting smaller and smaller. What’s happening is the absorption rate is increasing so that means you can sell your home quicker and for more money as there’s less competition!
As there’s less competition it also means as we move into January and February, which is typically a less popular time to sell your home, it’s actually a great time to put it on the market! There’s less competition and serious buyers are looking. For more detailed information about the market and what’s been happening this year, check out the neighbourhood statistics on my home page!