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.
In this episode of ‘How’s the market?’ we look back at the last ten weeks of hyperactivity, an increasing List Price to Sales Price ratio and spend a bit of time looking at average winning Bully Offers.