Is now a good time to sell your home in the GTA? Or should I wait until spring?
Finally, the real estate market in Toronto, Burlington, Brantford and Hamilton are slowing down. We are seeing less and less showing booked and fewer offers.
Yet, the expected prices that the sellers want are still high.
We at Above All Real Estate observe that people are starting to get concerned about the interest rates going up.
Making people nervous about paying for a house and competing with so many other offers.
Another big reason people are making fewer offers is that they’re tired of competing with the craziness of the 2021/2022 real estate market.
A lot of people have been spending a lot of time going to so many properties to get outbid by 10-15 other offers.
After hunting down different properties, people get discouraged about buying a home.
At Above All Real Estate Team we advise waiting until spring to sell your home.
This should bring the craziness of the market back and lots of competing offers and multiple showings.