URGENT: Toronto Real Estate Market Has Only 1.7 Months of Inventory Left - Should You Sell Now or Risk Losing Out Forever? - Market Tuesday EP_30
URGENT: Toronto Real Estate Market Has Only 1.7 Months of Inventory Left - Should You Sell Now or Risk Losing Out Forever? - Market Tuesday EP_30
There is only 1.7 months of inventory in the Toronto real estate market. So what does that mean? That means if we don't get one new listing or more new listings or any new listings in 1.7 months, which is less than two months, we will actually have no homes to sell. That's the simple definition. Another way to look at it is sort of the economic point of view with 1.7 months.
That also means that we are still in a seller's market, even though we are down in terms of number of sales, The number of inventory is also down, which keeps it into the sellers perspective because there's not enough homes based on the demand. Right now there is more demand than product. So with that being said, is it a good time to sell?
Still a good time to sell? It is not the way it used to be. Sure, I agree with you on that. But hey, bidding wars are back. That might be an indication that this might be a good time to sell. Should you sell if you need to. Should you buy if it's an opportunity that you can afford? Do you have to do either of those?
Absolutely not. It is a choice of where you are and how comfortable you are. And if you are willing to invest. It is a game of supply and demand. With 1.7 months of inventory, that means that the supply is low and the demand is high. Getting in the market is a good investment.
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