It seems that Spring has sprung into Summer very quickly….
The month of May marks the fourth consecutive month with sales higher than the month previous and marks the highest number of sales we have seen since April of last year. With momentum building, there's an indication of consumer optimism in the market heading into June. However, if the ongoing lack of homes for sale persists and inventory is not added,
we risk a return to an overheated market with pressure on pricing. The absorption rate dropped from 3.5 months of supply to 3.1months. a balanced market’s absorption rate is between 5 and 6.Another reason for the flurry of home sales was the threat of another interest rate hike.
If you are looking to buy a home it is advisable to have all of your
ducks in a row…
One way to be ready to, make a successful bid, on your dream home is to have your home ready to be put onto the MLS system the very next day. Your Realtor will be able to give you advice on decluttering, staging tips, pre qualifying for a mortgage or securing bridge financing. Many people have had their homes photographed, measured ,videoed and brochures created just waiting to react when the time is right and they can place your home on the MLS system very quickly.
Please contact us at 250 656 0911 or send us an email if this plan might work for you.
