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!
Predictions, forecasts and best guesses for 2021, Canadian real estate forecast, Ontario real estate predictions, Kitchener-Waterloo best guesses, design trends, mortgage rates, luxury real estate, lockdown
It is certainly a seller’s market. With the supply of homes at its lowest level of the year, over the past three weeks, homes have been selling well about list price and the prevalence of bully offers has never been greater.
How’s the Kitchener-Waterloo real estate market? The LP/SP ratio is at about 110.5% and Days on Market is averaging about 10.5 days. The Supply is back under one month’s supply All this means that it is solidly a still Seller’s Market.