Market Monday 08.21.2023

It's true - but likely no surprise to you 😳

I have months and months of data compiled and have been tracking trends weekly. This week was the largest decline I've seen recently. ⬇️

I suspect the sting of the higher rates have people forced to downsize. More inventory means softer prices.

🥳 I would say it's the Buyers turn for some fun, if financing is attainable of course - Sorry Sellers

There are different stories across Simcoe as our region is so diverse - so please reach out for a discovery call regarding your specific goals and neighbourhood.

🏘 Sellers - food for thought - we don't know where the bottom is so if you are considering a move you may want to start the conversation sooner than later ... these prices could flatten or keep falling - the latter, especially if there is another increase in rates

For a deeper discussion and to find out more about the 💥 hot spots in our region feel free to reach out

Like I said, I have loads of weekly and daily data that I have been collecting! Some say I am a #statsnerd🤓 ... but I am just passionate about having as much info as possible to make smart, informed decisions that you find valuable when making big moves🐘

Sending High Fives🙌

🫶M

#MarketMonday #makesmartmoves #chooseland #investinrealestate

Simcoe County Home Price Declines