February 2022 – GTA Housing Market News
What is going on with the real estate market?
I don’t need to tell most of you that the real estate market has been insane, especially the last few months.
But, what I do want to share is that over the past few weeks we are seeing the market shifting. Showings & offer numbers are down.
A lot of people are wondering why we are seeing a shift? There are many external factors that affect the market but there are 3 main contributors that we are seeing at the moment.
1. Buyer fatigue
2. Higher inventory
3. Uncertainly in the world
To be clear we are still in a sellers market, but this shift is allowing buyers to be in less competition when offering on a home.
If you have any questions about your specific situation or the micro market you are interested in, we are always happy to chat.
Milton Real Estate Market
The average price in Milton $1,541,400
Burlington Real Estate Market
The average price in Burlington $1,412,300
Oakville Real Estate Market
The average price in Oakville $1,620,600
Have questions about the market? Contact us today to learn more!
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