December Homes Sales Surged In Advance of New Mortgage Rules
This is the result we saw in December, as some sellers rushed to get ahead of the feared drop in prices. We haven’t seen dropping prices, even into January, as inventory (the number of hones on the market) continues to be very low, which causes buyers to have little in the way of home selection options. Inventory is typically low at this time of year, as owner prefer to wait till their yards are viewable in the spring. In addition, buyers tend to lay low in December and January, and then start to come out of hibernation toward the end of February. Stay tuned - we should see more inventory then.
Rad the full report HERE
#LindaMaguireRE #BurlON #BulrOak #Oakville #HamiltonON