This morning we currently have 5556 residential listings available. In the previous month there were 912 sales. This would give us a 6.09/1 listings to sales ratio, still too high to expect that prices to stabilize or even go up. I don't see prices to start rising again until we see a ratio of 4/1 listings to sale ratio. I do however expect the listings to continue to drop in the next 30 - 60 days, but unfortunately I also expect the sales to slow down as we historically have seen during this time of year.
To view or search all MLS listing homes go to: www.TeamLeadingEdge.ca
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