Saturday, September 6, 2008

House Listings Hit an all Time High!

The number of homes put up for sale through multiple listing services across Canada broke through 80,000 for the first time in July, setting a record for new listings in a single month, the Canadian Real Estate Association said Friday. That suggests the balance of power is shifting toward buyers, association president Calvin Lindberg said in a statement, because "the more listings there are on the market, the bigger the impact on the average price."
"It means a market when buyers have more options, and sellers must be realistic in their pricing expectations," The Market here in Grand Bend is now a balanced one and there is a good selection of properties for sale

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