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August 2012: Some positive signs

Posted August 25th, 2012 under market updates.

The Summer slowdown has definitely set in. Sales have dropped by 25% over last month (a clear indication), and new listings have also dropped off by more than 10% over the previous month.

This is good because Brampton's active stock remains at about 1700 homes. The market is becoming more balanced, with no real increase in prices. Hopefully this trend will continue into the fall market.

Overall, the market is very positive: sales to date are still up by 12% over last year, and prices to date are up for all types of homes by an average of more than 8%.

Next year is going to be iffy, and I still believe an adjustment is coming. However, for now it's still an excellent time to make your move.

Want to know more about the state of the market? Just ask me, I'll be happy to help.