Guelph, Ontario Buyer's Market or Seller's Market?
By Dean Manton
(Re/Max Real Estate Centre Inc.)
There are only two kinds of real estate markets, buyer's markets and seller's markets. It's easy to sell a house in a seller's market, practically any Realtor can do it. In a buyer's market it takes skill and determination. I don't believe we are experiencing a true buyer's market (at least not yet). It's more likely that we're between the two in a neutral market. Sales are down 30% from a year ago, prices seem to be down a little but the inventory of homes for sale is still as low as last year. A glut of homes for sale, the 3rd important ingredient for a buyer's market simply doesn't exist in Guelph. While there are some negative market indicators for October, the fact that 11% of homes sold for full price or more proves that the outlook isn't all doom & gloom. A well-conditioned, well...