Milton Real Estate Watch | April 2021
Milton Real Estate Watch for April 2021
The number of listings, sales and prices are up astronomically over last from this time last year. But do you remember last April? It was the first lockdown and there were very few sellers and buyers. So comparing to market statistics from last April is irrelevant.
The Real Estate Market was extremely hot in March and the number of sales and listings decreased in April.
“Despite a modest slowing in market activity in April compared to March, selling prices for all major home types remained very high. Low borrowing costs during COVID-19 clearly had an impact on the demand for and price of ownership housing. While the pace of price growth could moderate in the coming months, home prices will likely continue on the upward trend. Renewed population growth over the next year coupled with a persistent lack of new inventory will underpin home price appreciation,” said TRREB Chief Market Analyst Jason Mercer.
If you at all considering moving, now is the time to capitalize on the hot housing market! Hit the link below to check out the full breakdown of what happened in April.
To download the full breakdown for April 2021
CLICK HERE
Whether you are considering selling, refinancing or just staying put in your home, now is the time to get a home evaluation! CLICK HERE to set up a FREE home evaluation to find out how much your home is worth in today’s market.
Sales to new listing ratio
A real estate market never heads in just one direction. Several key factors can drastically influence the direction of the market including mortgage interest rates, employment levels/growth, investment growth, immigration and development. These factors can influence whether we are it is a buyer’s market or a seller’s market .
A buyer’s market exists when there are significantly more homes for sale than there are buyers. The typical end results in a drop in median sale prices over time as homeowners adjust their expectations to the current market conditions.
A seller’s market typically exists when interest rates are low are there are plenty of qualified buyers and not as many homes for sale. Buyers must react quickly and often face multiple offer situations. Prices generally rise under these circumstances.
Looking to buy? Have a look at current listings . Questions about the December 2020 Market Data? Reach out to us at homes@flowersteam.ca .
The post Milton Real Estate Watch | February 2021 appeared first on Amy Flowers .
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