Although Summer is still with us for the next few weeks, today marks the unofficial start to fall. Kids are back to school. It’s raining out. I went by my local Starbucks on the way to Bosley this morning, and I was greeted with FALL FALL FALL…pumpkin everything.
Although it was a busy summer for me–getting some great summer deals for my buyer clients–the fall is off to a quick start. There are still bidding wars for the right homes, in the right locations. And we still have some stale summer inventory on the market hoping for a second (fall) wind.
I’ll be keeping an eye on the market activity and keeping you up to date on what’s going on. It always seems like the media goes into a frenzy speculating on the spring and fall markets. I’ll do my best to decode the press and provide my first hand point of view on what’s going on with buyers and sellers.
As of today there are 2,569 homes for sale in all of Toronto on MLS…and another 5,254 condos. Over the next few weeks there will be a lot of fresh inventory coming on the market, as sellers are looking to move up and on (especially with 5-year fixed mortgages sitting at 3.09%). And all the spring buyers, who missed out on buying their dream house in the spring-bidding craziness, will be coming out of the woodwork eager to buy.
I’ll keep you posted!