Happy New Year! Welcome to the 2022 real estate market which has started off with a bang. With inventory still very low, we are seeing sellers capitalizing on holding off on reviewing offers and more often than not, having multiple offers come in. I would anticipate seeing more properties come on the market over the next few weeks as the market will begin to pick up. With Government going back into Stage 2 we can anticipate more out-of-town buyers driving prices up.
With all the new inventory coming up, don’t hesitate to reach out if you have any questions about buying or selling in the new year.
CORRECTION: Below is a great example of some of the craziness we have seen already in 2022. This modular home sold yesterday in Mini Lakes in Puslinch for $397,100 over asking. THIS WAS POSTED INCORRECTLY BY THE LISTING AGENT IT SOLD FOR $2000 UNDER ASKING!!!