It's December 1st - how are we doing?  How is the real estate market doing? It's kind of levelling off a bit. It's a more balanced market. I did a couple of deals in the past week. Lower price point homes ($500-$700K somewhere in that range). They sold pretty quick. They were priced right and within a week they were both gone (and both with multiple offers!) So we're seeing a little bit of that coming back, but not the way it was. I don't think we'll see that back for quite a while. You know, the crazy, multiple, sold $150K over asking type of deals. Now they're still selling, but it's more the way it used to be. A house lists and sells for 97-98% of the asking price within about a week or two, which is about right. That's the way it used to be... forever.  Then all of a sudden, it just got crazy. So, it has balanced out - the supply is now balancing out with demand.   I've noticed that the showings have ticked up quite a bit (they did on those 2 listings of mine), but that's the price point.  If you go up over a million, it's a different story - it's still kind of slow. The key right now is pricing properly.  Appropriately for your listing. Doing proper research.  I had a showing the other day on a million and a half property - it was a private sale.  I showed it.  A lot of agents won't, but I do it. Afterwards, the seller was texting me over and over and over again. Endlessly - even though my clients weren't interested. It wasn't about the price - they just didn't like the home.  The seller kept saying - how about this or this or this? It didn't matter - he was priced so high and in the end he said, "I just don't get it, my neighbour sold back in February for this price, how come I can't get this right now?"  It's a totally different market. You can't really equate now to then. 
One thing that I think is going to happen is that back in November we were down 6% year over year for last year (2021). You're going to see that number go up drastically in the next month or two, until about February. The news will be saying - oh my god the market is down 25% over last year.  Which is true, because we peaked in February of this year (2022). So, February 2023 is going to be one interesting month when you compare year over year - February 2023 to February 2022 - because it's going to be so out of whack.

From a buyers point of view right now, it's not bad.  Is it the bottom?  I don't think so, we're not quite there yet but we're very, very close. If you do find something you like, don't hesitate now. You're ok to purchase - you're not going to lose 20 or 30%. You're going to be ok, as long as you stick it out. I always say have a 5 to 10 year plan and you're fine. As far as selling goes, you're still best to sell first because you just never know. You don't want to be stuck. Pretty much the basic pointers I've been giving for months. Things have calmed down and the market is more of a balanced one right now, which is good. I think it's going to continue to drop slightly, but not like we did. So if you're thinking of getting in, it's not a bad time.

I guess this is my last blog of the year, so Happy Holidays everybody -we'll see you in the new year. And if you ever have any questions, I'm always around! Take care!