05/05/2022
🚨 APRIL MARKET STATS 🚨
The Spring market is in full swing - and it's been rather erratic over the past month to say the least! 😵💫
A number of factors are contributing to a shift in buyer behaviour and seller strategies, including:
🏠 Climbing inventory - for the first time in a long time, buyers have more choice when purchasing a home
💸 Rising mortgage rates and reduced purchasing power among buyers
🤷🏼♀️ Overall uncertainty in the financial market
With the anticipated mortgage hikes over the coming months, many buyers are taking a “wait and see” approach 🫣 while others are just pausing to realign themselves and their financial plans.
Whatever the rationale for buyers choosing the sidelines for the time being, it is clear that housing prices overall remain very strong, especially when looking at annual growth 💪
There is still a shortage in housing supply. There are still many buyers actively seeking homeownership.
The key takeaway 👉 If you are considering purchasing a home, GET PRE-APPROVED as soon as possible!
Don't have a mortgage agent or specialist? 🥺
No problem! I can connect you to a reliable mortgage agent who can help you out 😁
📞 437-855-7297
📧 [email protected]
💻 Lindsay-Realtor.com
*data source: TRREB April Market Watch Report 2022
