Not many surprises in the market this past week, given the Labour Day weekend, and the return to school of our youngsters. There were quite a few houses that took longer than 30 days to sell, and one more piece of stale inventory that took 395 days to sell.
A sign that the public overall hasn’t caught up to what is happening in the real estate market is the number of people requesting information from my web sites when they are already working with an agent. I always contact these people to confirm that they are working with an agent, and they typically say something like ‘Yes, but my agent keeps telling me that there are no new listings, and I can’t understand that’. What, we lie because we don’t want to work and make money? is my unspoken reaction. Perhaps I should verbalize it.
OR, perhaps they should find an agent who will go out and do the calling, flyers, door-knocking and whatever else it takes to find them a new home.
Take a look at the milton ontario real estate Total Market Overview:
And the Annual Summary:
The Absorption Rate:
And finally, the Listings & Sales chart:
