27 Mar Hamilton real estate market – 2018 sales down over 30%
Hamilton real estate market – 2018 sales down over 30%
Yup! That is a dramatic headline.
This does not, however, mean the prices have collapsed.
It means that fewer homes are selling this winter 2018 as opposed to winter 2017.
2017 was a crazy and dizzying rollercoaster and we are all happy it is over.
Time to simmer down.
Take a breather.
Prices in Hamilton continue to rise in 2018 and will for the entire year, graciously and slowly.
Challenges in the coming year?
- Stress Test
My motto has always been “borrow to empower, not to enslave”, so over borrowing is not something I advise my clients.
- Interest Rates
This is a genuine concern and should be considered when buying and getting the last of the super low interest rates. Prepare.
- Shortage of Listings
Another legit concern. Investors are still riding the price rise wave and homeowners are reconsidering selling, opting instead to renovate.
This shortage will again create an unbalanced marketplace.