Summer coming to an end with Balanced real estate market

It is official, the real estate market has cooled off across the country. Sales activity fell once again over the past month with buyer demand running well below typical levels for this time of year, likely as rising mortgage rates and market uncertainty continue its impact on home buyer confidence……Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Summer coming to an end with Balanced real estate market

What a difference a few months make in Real Estate!

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!

Second quarter housing results for 2022

Nationally, home sales were down for the third month in a row, falling 5.6% month-over-month, and actual monthly activity came in 23.9% below the June record set in 2021. Sales activity continues its downward momentum in the face of rising interest rates and uncertainty in the real estate market. Due to the rising interest rates, the cost of borrowing has overtaken supply as the dominant factor affecting housing markets at the moment, but the supply issue has not gone away….Check in with Frances Snider Royal LePage Royal City Realty for all the details.
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Is the real estate market cooling off in the Guelph area?

After two years of record-setting activity, there are signs the Canada real estate market might be cooling. Nationally, home sales were down for the second month in a row, falling 12.6% month-over-month, the largest monthly decline since summer 2020….Check in with Frances Snider Royal LePage Royal City Realty for all the details.
More Is the real estate market cooling off in the Guelph area?

Have we moved to a Balanced Real Estate Market?

Spring has sprung, the grass is riz, where are all the homes sales at? The Wellington County real estate market remains a seller’s market despite a growing amount of new listings and a lower amount of unit sales, causing many of its’ submarkets to dip into a balanced market. Demand appears to remain high as we continue to see median and average sale prices rise. Check in with Frances Snider Royal LePage Royal City Realty for all the details.
More Have we moved to a Balanced Real Estate Market?

Where’s the market going after First Quarter of 2022?

The Easter bunny has hopped on in to the area and brought with him some nice Spring weather. But as the weather has been complicated over the last couple months, so has the real estate market. In the real estate market, we have some changes that have been happening. Although, it remains a seller’s market in the area, as demand continues to drive sales, we are seeing slightly less new listings than this time last year, however, buyer demand is showing signs of lessening overall as we enter into the Spring months..Check in with Frances Snider Royal LePage Royal City Realty for all the details.
More Where’s the market going after First Quarter of 2022?

Have we already experienced our 2022 Spring peak?

pring is just a few weeks away (or so we hope), and with that the Spring real estate market….Or have we already experienced our Spring peak for 2022? The strong seller’s market continued its trend across the region driven by high demand. The supply of property listings has increased but average sales prices have continued to increase as the market is unable to keep up with buyer demand. Looking specifically at Wellington County, the year to date sales volume at end of February…Check in with Frances Snider Royal LePage Royal City Realty for all the details.
More Have we already experienced our 2022 Spring peak?

Monthly Regional real estate market review

Old man winter is blasting through the region with a cold front, but even that is not enough to cool the housing market in the area. The strong seller’s market continued its trend across the region as we entered the new year and limited supply of listings was upheld by the last lockdown in the area, and not able to keep up with buyer demand. Check in with Frances Snider Royal LePage Royal City Realty for all the details.
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