Welcome to episode twelve of the Monday Market Update!
On the Monday Market Update, Matt provides you with numbers and facts about the London, Ontario real estate market including new listings, homes sold, and homes conditionally sold. In this segment Matt also gives his opinion on what the current London, Ontario market looks like, as well as the surrounding areas! Matt also shares his predictions on what the real estate market will look like going forward.In the week of May 8th, 2017 London, Ontario’s real estate market saw 395 new listings come to the market and 283 homes sold or conditionally sold. Now we are starting to see some stability come to the market. Buyers and sellers are starting to get less anxiety as we are getting away from the frenzy. That being said, we are still seeing homes sell for a good buck, getting multiple offers, and homes selling for above asking price. It seems that a lot of the people here in London, Ontario are kind of tapping on the breaks from an emotional standpoint and not necessarily rushing immediately into the housing market. We are still seeing houses sell above the listing price here in London, Ontario, but people are starting to take their time looking at houses and not necessarily rushing to send an offer on a home they just looked at. We are finally starting to see some warm weather coming back! My prediction is that we are going to see more buyers looking for homes as they are more likely to get out if they can drive around in a t-shirt and look for that home for the summer. Check back next week for a new episode of the Monday Market Update!