What a difference a few months make in Real Estate!
August 17, 2022
After two years of record-setting activity, it is quite apparent that the real estate market has cooled off in many markets across the country. Sales activity fell to its lowest historic July stats since 2000, as rising mortgage rates and market uncertainty continue its impact on home buyers. Wellington County real estate remains in a balance market due to the consistent rise in inventory over the last few months, and a lower number of overall unit sales. Average and median sale prices still remain higher than last years at this time…..Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More What a difference a few months make in Real Estate!