Market Monday 08.21.2023

OUCH for Sellers... This week, only 99 properties changed hands, as reported by TRREB data. In the time we've been monitoring these numbers, we've witnessed some low figures, but this marks a new low. Keep in mind it takes more one car to make a parade and this data is only from the last seven days

So, what does this signify? Sellers, it's crucial to be mindful of the currently sluggish market and carefully evaluate whether selling is the best decision for you at this moment ⏰

👉 If you are moving forward to sell, being upfront about the present pricing realities is a fundamental aspect when managing your expectations. Ultimately, your home is your own, and you have the prerogative to set your asking price as you see fit

Buyer's, if you liked that home you saw at the peak and it was probably over a million dollars well you'll really love it at 850k 🆒

YOU HAVE SO MUCH CHOICE RIGHT NOW .... Don't be afraid of the higher interest rate ... you can always refinance 💰 that but you cannot go back and repurchase at a lower price

In summary, it's essential to make the decisions that suit your current situation. Consult with a professional who can help you navigate the complexities of the current market and provide you with accurate information

Sending High Fives

M

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