How does that work?? With the limited inventory in most markets, pressure is put on price by Buyers. We continue to see & experience multiple offers at many price points, not just at the lower end of the market. It only takes 2 to go multiple!
If there's so much interest why aren't sales up you may ask but we cannot sell what isn't for sale. It's partly the cycle of Buyers won't sell if they can't find something to buy combined with homeowners sitting on very low mortgage rates who cannot afford the increased costs of a new mortgage if they're moving up the housing ladder.
What's next? More of the same until inventory increases or the number of Buyers declines.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Comments:
Post Your Comment: