- Toronto's March MLS sales = 6171; compared to 6631 for March of 2008.
- Not a significant difference.
- The average price is also down only about 5% from this time last year.
- The 'days on the market' fell from February to March (45 days to 39 days).
- Things are picking up.
- The market bottomed out in December of 2008, and has been picking up ever since.
- Prices are only down slightly from last year, and the interest rates are historically low.
- Interest rates can only go up from here.
- Is this a good time to buy?
If you'd like to discuss it further, call me any time.
I can provide you with all the information you need, including getting you pre-approved for a mortgage.
If you do nothing else, at least get yourself pre-approved, and get your name in the system, so that if rates go up, your rate is protected for the next 120 days.
Call me if you have any questions.
Toronto Real Estate by Sylvie Conde, Broker
Sutton Group-Associates Realty Inc, Brokerage 416-966-0300
sconde@sutton.com
www.sylvieconde.com
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Hi Sylvie! Knew you would be walking in the rain. Excellent post and very positive for home sellers for a change. Now if we could make Buyers realize that the Sellers already have realized the market changed and have priced the homes accordingly, we wouldn't need to do 12 rounds at the negotiating table would we?
We hope you have a very Happy Easter and a restful one rightÉ
Al and Peggy Cunningham