Wow...what a slow July!!! We only had 144 sales in July...we haven't seen it this slow since 2000. No need to panic, should pick up in the fall. A lot of things could be contributing to the slow market. Warm summer, new mortgage rules, higher interest rates and HST. If you are looking to buy a home now is a great time. There is tons of listings on the books, sellers are motivated and there is little chance of getting into a multiple offer situation. Again, sellers: no need to panic however, need to price your home well, and make sure it shows great. There is lots of competition and many buyers make their decision on first impressions.
As always, if you have an real estate questions...don't hesitate to give me a call, 604-795-1616 or drop me an email, kylehislop@gmail.com
Kyle Hislop
RE/MAX
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