Milton Real Estate Watch | February 2021
Milton Real Estate Watch for February 2021
Spring is just around the corner and we are starting to see more houses hitting the real estate market. If you at all considering moving, now is the time to capitalize on the hot housing market! Homes are selling quickly and well above the asking price. Hit the link below to check out the full breakdown of what happened in February.
To download the full breakdown for February 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 .
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