Market Analysis for January, 2019
As of the time of writing, Brampton's inventory of homes for sale is at around 850 homes. This is down quite a bit from 1150 last January, but a far cry from 350 the year before. Although this supply is not adequate to cover a spring rush, the sales-to-listings ratio is at a comfortable 51%, indicating a balanced buyers-sellers market.
Surprisingly, house prices are strong, and at this point climbing. The increase is a bit early for the season, but may actually end up being a damper on the spring market, especially if there is a reasonable supply of new listings coming on the market.
The gentle downward trend that was hoped for didn't happen in 2018, and it doesn't look like it will happen this spring either, but at this point nobody can say for sure.
Want to know more about the state of the market? Just ask me, I'll be happy to help.