October Market Stats For Burlington & Waterdown

Winter is coming – but don’t worry, the real estate market will keep things feeling red hot!

While winter typically gets mixed reviews in the real estate world, we foresee a winter surge in the market that will keep things from cooling down and here‘s why;

Buyers are eager

And aggressive! Buyers are ready, willing and able and are stopping at nothing to get the home of their dreams, especially if they’ve previously lost out in competition.

Sellers are taking note

Many sellers are keeping a close eye on their area, with many keen on taking advantage of buyers who missed out on homes near them. Talk to your agent and ask them to look into recent sales in your neighbourhood – if a sale generated multiple offers, then you may be able to profit from all of those who missed out.

Strong demand + low inventory = rising prices

As long as there is demand, prices will continue to rise. If you are thinking of selling, talk to your agent and see what is happening in your area, now may be the perfect time to cash in. Similarly, it is important to know just how much equity you have in your home. Especially if you have lived in the same home for 5-10 years. Schedule a home evaluation, and stay appraised on the market – your next move might be more attractive than you think.

Here is a full breakdown of what we saw happening in the market for the month of October in Burlington and Waterdown.