Real Estate Stats - October, 2014
October continued, where September finished off – a very active real estate market.
There were 14% fewer new listings in October compared to September this year, coupled with higher sales, are providing for tightening of inventory for buyers. You know what that means... SELLERS MARKET. The strata apartment market is seeing strength in demand with competing offer situations occurring where they had not been before.
Thinking of selling? Now's the time! Contact me today!
The Canadian Real Estate Association (CREA) and the Canada Housing & Mortgage Corporation (CMHC) predict the housing maret will remain strong entering 2015. Certainly as the year winds down, the inventory of listings will continue to decrease and with consistent demand set up for an active market to start the New Year.