If you're considering buying or selling your home in London, Ontario, the market is presenting some interesting trends that you can take advantage of:
For Sellers:
Homes are staying on the market longer: With increased inventory, buyers have more options, which means homes aren't selling as quickly as before. Pricing competitively and showcasing your home effectively are now more crucial than ever to attract serious buyers.
Interest rates are dropping: The recent rate cuts mean more buyers are getting back into the market, but they’re taking their time to make the right decision. By positioning your home correctly, you can still sell for a great price.
For Buyers:
More choice, better deals: With homes staying on the market longer, this is your chance to negotiate. Sellers are becoming more flexible, which could work in your favor to secure the home you want at a lower price.
Falling mortgage rates: Mortgage rates have dipped to as low as 3.99%, making it more affordable to finance your dream home and lower your monthly payments.
If you're thinking about making a move, now is the perfect time to act before the market shifts again. Let’s chat about how we can help you make the most of these conditions!