I am a little bit surprised but also very encouraged with what I’m seeing in the market. Last month we saw the average single family price increase 3.78% from this time last year.The days on market decreased to 45 from 56.  Last month there were a total of 1299 sales which is also up 2.77% from last year.  The current inventory sits at 5474  What does that all mean ?? Well low interest rates and more financing options have resulted in some buyers jumping into the market prematurely. A lot of the buyers I talk to initially intended to wait until the spring market to buy but with 5 year fixed rates as low as 1.69% and the average home price at an affordable level now is a great time to take advantage. With these low rates many buyers are now able to afford more so we see many buyers who were looking at condos and townhomes now moving up to single family homes. If you are thinking about selling now might be a perfect time. I’d love to help you. Feel free to text,call, email or visit my website at www.mattferguson.ca

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