This weeks Milton Total Market Overview 04-10-09 is now available – just click the link. As a brief synopsis, the market this past week continues it’s upwards trajectory, fueled by prices that are down 10-12% over 7 months ago, and interest rates that hit an all-time low of 3.49% for a 5-year closed.
The available inventory is down slightly, as are the number of units sold, however, perhaps the most telling number is the expiry ratio – the less houses that are taken off the market, the more it is a sign that seller’s are regaining their faith in the market.
Don’t be a fence-sitter and get caught out – we only slightly dipped into a Buyer’s Market, and all indications are that we are not headed back that way again in the near future.
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