Home Sellers Are Very Worried Right Now | Another Slow Month
Real estate sales down more than 10% in just 1 month. Housing market continues to slow down since the spring market. We are officially in a buyer's market right now. All major cities around Toronto are sitting below 40% Sales to new listings ratio.
Months of inventory of homes is over 4 months, a lot of home listings are sitting on the market longer than 30 days.
Tough time to be a home seller right now but it's great news for buyers
From Halton to Toronto to Durham, see all the important real estate stats here without any bias.
Vic Singh
Realtor®
647-834-6834
Realtorvic.ca