All indications are that the real estate market has reverted back to seasonal norms pre-pandemic:
• A super-heated spring selling season
• A cool-off and slowdown in the summer
• A
bump-up in the fall, likely to be followed by
• A plunge mid-winter
The early autumn rebound began with a surge of new listings in September
This surge in new listings typically fuels a big jump in listings going into contract, which usually hits its peak in October. The market then rapidly slows to its mid-winter nadir.
Since the pandemic hit, single family houses have seen a significant median sales price increase that accelerated and peaked in July
while condo median sales price appreciation is basically unchanged since 2018
Are you, or someone you know, ready to move to what's next? Let me know - I can help.
