East West Daily Review

Daily East and West Side in Review

New listings dropped off a bit toward the end of the week from Monday’s high of 106. Sales had a nice little rally on the 4th day of the March and then they too settled into the steady rhythm seen days earlier.

Price Changes

Worthy of watching will be the price changes. They are an indication that inform whether Sellers are able to find that ‘special’ buyer at any price. A change down states the obvious in that they were priced too high for current market. You only have to be a few percentage points above market to see a house sit on the market for a long time.

If you are looking for a home in the Homes for Sale section of this blog pay attention to the neighbourhood averages. These average numbers provide a solid view of whether a home is above market. Be fair and be certain that you have considered each homes benefits and ammenties in order to determine if the amount asked, represents value compared to another ‘less expensive’ home. Remember averages can be skewed easily. A very expensive home in a sedate neighbourhood will crank the numbers.