Tight Halton Real Estate Market Means Now Is The Time To Sell Your Home
Thursday Mar 21st, 2019Share
Prospective home buyers in Oakville, Burlington, Milton and Mississauga are finding it increasingly difficult to buy a home as the market continues to tighten and prices remain high in Halton and the surrounding municipalities.
Last year, we wrote about the federally-implemented stress test and what that meant for prospective homeowners and sellers. Now that the market has adjusted to these new regulations, it certainly appears to be affecting both buyers and sellers. As we move towards a federal election, there may be some relief announced to help home owners with affordability, but for now, sellers should know that the very restricted inventory makes it an excellent time to put a home on the market.
Home Sale Statistics For 2019 In Halton And The Greater Toronto Area
According to TREB (the Toronto Real Estate Board), not only are sales are down year-over-year, but new listings have also declined by a greater annual rate. Overall, market conditions have become tighter compared to last year, and a tighter market typically means home sellers can get the price they want for their home.
Throughout most GTA municipalities, supply is shrinking which means limited buyer choice and active competition for listings. The Halton region, particularly Oakville and Milton, has experienced slower conditions than this time last year, with a total of 508 homes sold during the month of February – that’s a 6.2 per cent decline. It’s been a long and cold winter and it appears as though many sellers are waiting for warming temperatures before putting their homes on the market. What does that mean for you? If you’re thinking of selling your home this year, now is an ideal time to get a head start before the market becomes more saturated.
Get A Jump On The Spring Market - List Your Home Now With Sue Heddle Homes
If you’re thinking about selling this spring, let Sue Heddle Homes help you maximize your home and produce and effective listing that will get your home sold. With more than 10 years of experience and an exceptional seller’s program that includes free home staging, working with a seasoned realtor like Sue Heddle is the right strategy for those who want to get the most out of their real estate transaction. Ready to get started? Complete a free home evaluation and then contact us! We’ll take the time to find out more about your needs and answer any questions you have. While it can be tempting to try and sell your home on your own, we guarantee that we can make it a much less stressful and more enjoyable experience!