November brought us cold weather, and a slight downturn in the temperature of the market. New listings coming on the market slowed, with 3% less active listings on the market this month than last (which is a good thing when you’re selling your home!).
Buyers have an opportunity to get a great deal. The large inventory means better selection, and with a good number of homes to choose from buyer’s often have the upper hand in negotiations.
More detailed analysis to follow…
Benjamin Bach is a Real Estate Consultant with Keller Williams Golden Triangle Realty in Kitchener Waterloo. He voraciously tracks the Real Estate market so that he can fulfill his mission of building wealth for his clients through smart Real Estate investments, and helping people achieve success. If you are interested in how you can start your Real Estate portfolio, or have any questions and buying or selling a home, you can email Benjamin (benjamin AT benjaminbach.com) or reach him at 519 772 4376.