I think market is starting to get back to normal. From sales of the 1st 10 days, doesn't look like there will be a big drop from April's average price but there are still 20 more days.
Thankfully I sold in hyde Park last June and bought in point Edward for less than half the price.... the only downside is now I have a 8 minute walk to a gorgeous sand beach. Lol.
Will drop this month, maybe 5-7% since most expect another .5 interest rate raise in June. I think we should see drop 15-20% from Feb price before stabilizing.
Interesting take! Another $50k drop next month and $100k drop before stabilizing would surprise me but at the same time if you told me 3 years ago the average price was going to get over $800k I wouldn't have believed it either!
@@MattCarter I think it is possible the average price will correct back to near 700k, much better than the other youtuber who is hinting 40% drop, he just want more subscribers and views, you know there are people hoping for a large drop and most of them are not home owners. Anyway, this is just a correction, interest rates is not the only factor which affect RE price and I don't see any factor that may cause average price to go below 700k yet.
@@zhugeliang1370 how does that happen? Stock market crash, a few interest rates hikes, economy slow down for to inflation, war effects but you and Realtors think housing won't crash? 😄. There's going to be crash to pre pendemic level price + 10%. That's it!!
What do you think will happen in May?!
I think market is starting to get back to normal. From sales of the 1st 10 days, doesn't look like there will be a big drop from April's average price but there are still 20 more days.
Thankfully I sold in hyde Park last June and bought in point Edward for less than half the price.... the only downside is now I have a 8 minute walk to a gorgeous sand beach. Lol.
Sounds awful!😆 But where was my call when you were listing?!🤔
Will drop this month, maybe 5-7% since most expect another .5 interest rate raise in June. I think we should see drop 15-20% from Feb price before stabilizing.
Interesting take! Another $50k drop next month and $100k drop before stabilizing would surprise me but at the same time if you told me 3 years ago the average price was going to get over $800k I wouldn't have believed it either!
@@MattCarter I think it is possible the average price will correct back to near 700k, much better than the other youtuber who is hinting 40% drop, he just want more subscribers and views, you know there are people hoping for a large drop and most of them are not home owners. Anyway, this is just a correction, interest rates is not the only factor which affect RE price and I don't see any factor that may cause average price to go below 700k yet.
@@zhugeliang1370 how does that happen? Stock market crash, a few interest rates hikes, economy slow down for to inflation, war effects but you and Realtors think housing won't crash? 😄. There's going to be crash to pre pendemic level price + 10%. That's it!!