realtyreport
National Sales Activity Positively "Normal"
As 2010 wound down, an interesting observation emerged in the Canadian real estate market, as noted by the Canadian Real Estate Association (CREA).
"National sales activity is now running almost halfway between the highs and lows posted between late 2008 and late 2009," said Gregory Klump, CREA's Chief Economist.
"This suggests that the Canadian housing market may be starting to normalize. After the wild rollercoaster ride that many housing markets have been on, normal and stable market conditions are something that many buyers and sellers will likely welcome."
The Canadian Mortgage and Housing Corporation echoes CREA's prediction of a stabilizing market, and expects that because of improved balance between supply and demand, the average MLS® price will edge only modestly higher in 2011.
Now that 2011 is well in place, it's time to start preparing for the busy spring real estate market. Homeowners may want to start their spring cleaning now, focusing on purging, repairing and cleaning the inside of their homes in anticipation of a spring move.
Whether you're thinking of buying, selling, or both this spring, you'll want to be sure you have the latest market information not just on a national and provincial level, but specifically on a neighborhood level.
Georges Pahud, CREA's President, said, "National housing market trends are improving, but local market trends can differ significantly, so homebuyers and sellers should consult their REALTOR® to understand how their housing market is evolving."
Thinking of moving this year? Please call today. By working with a real estate sales representative, you can investigate local prices and market activity to make sure your transactions go through with the right pricing and conditions.
