Good News for some Single Home Buyers
The MLS stats for April show the detached, Single House market being affected most by the federal and provincially imposed measures designed to cool the housing market.
Listings are up and sales were down in April which is reflected in the sales to listings ratio for Single homes at 14.1 percent which indicates a balanced market. Buyers of Single Homes now have more selection and less competition to deal with when purchasing a home.
The ratio for Town Homes and Condos remains very much in the Sellers’ market category with ratios of 36.1 and 46.7 respectively. Benchmark prices in these categories continue to rise while Single House prices have stabilized.
If you would like further information specific to your requirements or have any questions feel free to contact me and I am happy to help.