The Motria Group's Market Blog: Standstill between buyers and sellers in many neighbourhoods.
Monday Jun 25th, 2018Share
Standstill between buyers and sellers in many neighbourhoods. Who is going to give in first? We have had a number of situations where buyers are offering a certain price which is lower than sellers want to take and sellers are holding firm. However, buyers have more options now and they know if they wait, at some point someone will take a lower price. Some sellers are feeling the downward pressure and are worried that the next offer may be lower and they are settling. Hence, the correction in real estate prices in many areas. Parts in the city on the subway line are still in hot demand and real estate is selling in bidding.