Oh wow, my house price drop predictions might come earlier than previously thought! In Calgary, homes sales have plummeted by over 35% below the 10 year average. There are nearly 2,600 active listings detached listings pushing the market quickly from a sellers’ market to a near buyers’ market.
That escalated quickly. I had predicted in previous posts a market correction heading into the summer. These price drops may come much sooner. Buyers are sitting on the fence looking for bargains, while sellers are rushing to list their homes. If you are downsizing then I suggest you move quick! If you are upgrading then waiting might not be too bad as lower priced real estate will drop less than the higher-end homes. If you are renting and looking to get into home ownership then you might want to talk to me in the next month or two. Either way, brace yourself for a rough real estate market in the coming months.
For more info or if you have questions or comments please let me know.
William Charlton
That escalated quickly. I had predicted in previous posts a market correction heading into the summer. These price drops may come much sooner. Buyers are sitting on the fence looking for bargains, while sellers are rushing to list their homes. If you are downsizing then I suggest you move quick! If you are upgrading then waiting might not be too bad as lower priced real estate will drop less than the higher-end homes. If you are renting and looking to get into home ownership then you might want to talk to me in the next month or two. Either way, brace yourself for a rough real estate market in the coming months.
For more info or if you have questions or comments please let me know.
William Charlton
RSS Feed