Quote:
Originally Posted by Mazrim
I thought I'd share how my hunt for a home has gone for those might find it interesting. June and July appeared to be the months where everyone slowed down. Things in the sub-$500k detached market were still moving well, but it wasn't a panic or anything. Supply really dried up in the areas I've been looking and it was tough to find anything even worth viewing in-person. I was viewing places that had very little chance of being "the one" just to get familiar with the process and get to know my realtor.
It seems like some people have run out of patience at the end of August here, because more houses started selling in their first day on the market again. Some of them were really bad places in my opinion but they appear to be selling with no conditions. The property would move from "Pending" to "Sold" very quickly or it went immediately to "Sold" on the listing so I'm left to believe there's definitely a group of people hitting a time limit on their search.
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It's surprising how many poorly maintained ex-rental homes were listed this spring/summer and the crazy prices they're selling for.