[Observation] the pace had slowed down late March vs. late Feb
went to 5 open houses this weekend, some had offer night on Monday some had offer night Tuesday (yesterday)
only 1 was sold, lockbox gone, "Sold Over asking" sign up by this afternoon.
the rest of them still have the lockbox and for sale sign up today, and is still on MLS as of now.
the reason i think is simple, we are seeing at least 2-4x amount of new listings vs. Feb which had very few listings,
plus the fact that something is coming down for the Ontario Budget to address GTA housing prices in 2 weeks, straight from the horse's mouth. Also the fact that sellers are very greedy, they looked at the Feb's price and say, hey my house should be worth 50k more now vs Feb, but the truth is there are also 3x more listings.
the next 3 weeks will be very very interesting... in my block at least, the top price records were still from Feb and not March.
only 1 was sold, lockbox gone, "Sold Over asking" sign up by this afternoon.
the rest of them still have the lockbox and for sale sign up today, and is still on MLS as of now.
the reason i think is simple, we are seeing at least 2-4x amount of new listings vs. Feb which had very few listings,
plus the fact that something is coming down for the Ontario Budget to address GTA housing prices in 2 weeks, straight from the horse's mouth. Also the fact that sellers are very greedy, they looked at the Feb's price and say, hey my house should be worth 50k more now vs Feb, but the truth is there are also 3x more listings.
the next 3 weeks will be very very interesting... in my block at least, the top price records were still from Feb and not March.