May 2018 Market Intelligence

The Trends Don’t Always Match the Headlines

Since last month’s promise to include Milton and Burlington I have also had quite a few requests about including Toronto as well, so I have included Toronto this month as well.
The reason I provide these updates is so that you don’t have to rely on what you read or see in the news. What we have all been seeing over this past year are horrible numbers in comparison to March of 2017 and while it is true, nobody seems to be reporting on the real trend that you can actually use to make sound purchase or selling decisions. Let’s go back to the headlines we were all reading in March 2018: Sales down 40% and prices down 20% from 12 months ago. Lets look at the headlines we saw in April 2018 : Sales are down 30% and prices are down 15% from 12 months ago. Looking at May headlines we saw: Sales are down 25% and prices are down 10% from a year ago, and now this month we will be reading that sales are still slumping at 20% less than last year and 4% lower prices. I hope you are picking up what I’m laying down here people. The sensational headline is that we are down and still trying to recover, but the real trend is very positive, and here is what is going to happen, by the end of June or July the headlines will read something like; The real estate market is finally showing positive signs of recovery. By the time people start reading these types of headlines the feeding frenzy will slowly begin to gain momentum and buyers that may have been sitting on the sidelines waiting for proof of a recovery will start to come out of hibernation and prices will rise even further decreasing your purchasing power further. Here are all the numbers for each city and town that I serve: