I just did a quick snapshot for the Oshawa market. Shocking results!
Almost half of recent sales have gone under asking. This is a vital statistic because it is showing that the market has cooled to a point that the low ball bidding war pricing strategy is not working.
The average days on market have been increasing as well. These are extremely important to be aware of if you are looking to buy within the next few months.
Is it a good time to buy? If you have the ability to buy there are interesting deals to be had right now. What will he coming months show us? Hard to say really.
As I always say the hardest part of securing your next home is Finding the perfect place. Keep looking!
Let's talk soon.