This spring has brought a noticeable shift in the real estate market. Despite recent slowdowns—demand remains high. I’ve personally seen many buyers through open houses, indicating strong interest, even if most aren’t feeling urgent due to uncertainty around the economy, tariffs, and potential interest rate changes.
If you're considering selling this year, be aware that more buyers may wait to find their ideal property before listing, which could lead to offers with condition on sale of home (SOH). To learn more about SOH conditions, read the article Spring Market Shift: Opportunities & Tips.
Meanwhile, inventory levels are at their highest April point since 2009, and the sales-to-new listings ratio has fallen to 39%, increasing competition for sellers. Feel free to reach out for a neighbourhood report!
Have a wonderful day!,
Stella McCollum