September Housing Stats “Shot the lights out!” BUT (and I cannot stress this enough)……
WILL OCTOBER DELIVER ON ITS PROMISE TO HOUSE THOSE IN NEED?
Look at these numbers and tell me if we will have enough stock to support the rising demand for housing in this city and the surrounding GTA! Evan though Sales soared by 22% compared to last September, total inventory is down by 14% going into October. Sales are still far OUTPACING supply so things will continue to be very tight for buyers who waited until now to decide on a move.. And you know what that means….UPWARD PRESSURE ON PRICE …almost 6% this month and the benchmark prices are THE HIGHEST in 2019 ($843K and change)
BUYER’S BLOOD PRESSURE? Also rising!!
You will need some handholding and some very skillful stick handling for the balance of this year.
Connect. This is what I do.
If you (or someone you know), are looking for a Realtor who cares MORE about focusing on your concerns, goals and the successful purchase or sale of YOUR unique home, than they care about their volume of transactions and awards, please let me know the best way for me to connect. I would love to offer my highly personal service. Contrary to that old expression, not only IS this business, but it IS personal! And, please, I encourage you to ask me any questions you may have about this post. I value your input and appreciate the time you took to read it.