My mid-month report on our local real estate market revealed lots of new listings and prices levelling off. But then predictions for the rest of 2021 and into 2022 show prices edging up. Also, what to think about when buying a condo and more rules to follow when selling your home. Finally, the 7-day market update.
How did we get here?
In this month’s episode of ‘How’s the market’ we look back at 2020, especially the last four months of 2020 to show how we got here. Essentially early January + Lockdown = Lack of supply of homes available for sale. I’ve never seen such a lack a inventory, ever!