Local Uxbridge, Ontario - Canadian - North American - Real Estate Market Predictions And Trends For 2012
North American Real Estate Market Predictions For 2012
None of us have a crystal ball so predicting where the market will go is often like throwing darts at numbers on the board. Many factors can and do influence what happens in real estate ..... interest rates rising or falling ..... rising or lowering unemployment levels ..... even a financial or other crises in another part of the world can affect real estate here.
Just recently 1835 members, both Canadian and American, of the Active Rain Real Estate Network voiced their opinion in a poll on their respective local real estate markets for 2012 and you can read the results here in the post Real Estate Recovery Or Not? 2012 Predictions by the Pro's Infographic.
While there is still much left to be desired across the U.S. most Canadian Realtor's® that took part in the poll are predicting good things for the Canadian Market
Closer To Home
“TREB’s baseline forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth. This baseline view is subject to a heightened degree of risk given the uncertain global economic outlook,”
Jason Mercer, TREB’s Senior Manager of Market Analysis
New Tools Available For The Consumer
National Trends
Real estate is Local and at times Hyper Local, predictions based on National Figures are not always reflected in local markets. However some like to see those numbers especially if they are moving across the country.
The new MLS® Home Price Index provides a look at housing price trends much like the Consumer Price Index does. more
Real Estate Is Local
Local Trends
The best way to determine what is happening in the local market is to watch local trends. For some time now we have been reporting on what buyers are looking at on one of our web sites We Graph the average and median prices of homes that potential buyers look at.
Over the last few weeks we have also started reporting weekly sales figures based on information supplied in the Toronto Real Estate Board (TREB) Market Watch for our Market Snapshot - Uxbridge, Ontario - Week Ending reports.
Starting In January of this year we also started to produce the Uxbridge Real Estate Market Update - The Month IN Review using data supplied by TREB to provide the graphics that will give you a statistical window into the local Uxbridge market. The Chart on the right (1 of eight that we use) shows the average sale price for homes in Uxbridge for this year compared to the last four years.
The Real Estate Market Is Local
and sometimes hyper-Local
While Charts and Graphs can give you an indication of market trends they should not be used to determine value trends in relation to a particular home or vicinity. The best way to determine the Value of Your Home is a Comparative Market Analysis. To discuss today's local Uxbridge Real Estate Market Conditions, the current value of your home or the marketing of your Home please give me a Call or Text me
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