No surprises here. If your a seller you’re laughing, if you’re a buyer you’re checking new listings hourly. Maybe less than that.
The stats don’t lie. The average price of homes has gone up 9.9% and home sales are up almost 40%. There is a great article on CBC detailing more the drop in listings available to buyers:
The best advice I can give is to buyers during this time is to:
- Act quickly
- Position yourself to instantly make an offer by getting a pre-approval.
- Set yourself apart from the home-buying crowd by writing an offer letter.
- Stay Positive, there will always be more houses!
& remember, while being a homebuyer in a seller’s market can be a challenge—it’s not impossible.
To make certain you don’t miss out on the property you want, get in touch with a Realtor. From mortgage advice and specialized expertise it will give you more insight into the home-buying process. We can help you every step of the way.