The Motria Group's Market Blog: Many are in a holding pattern to see what happens with the market.
Monday May 15th, 2017Share
Many are in a holding pattern to see what happens with the market… We have seen an increase in listings - this is not unusual for this time of year. The Home Capital situation appears to be contained and not expanding. Demand still appears to be high but buyer frenzy has subsided. Prices are still high and homes are selling but not as quickly. Sellers have started pricing homes closer to market value as counting on bidding wars to bump up the price is not a sure thing. So, we are seeing a more balanced market and in many cases buyers and sellers are now negotiating on price. How quickly things can change.