#ToRe
market is experiencing a slight freeze!❄️
Greater Toronto Area (GTA) months of inventory (MOI) hit 4.1 in Sept., the highest in a decade.
For Oct., GTA MOI is expected to inch closer to 5, given the current 20.5k active listings in GTA & an estimated ∼4400 sales.📈
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@HanifBayat
Sellers are holding strong for top dollar. Unfortunately some sellers are in terrible positions. I see some sellers breaking soon
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@HanifBayat
Who will blink first 🤔
O wouldn't be so sure ot will be the sellers, if rates have peaked and buyers smell lower mortgages FOMO will erup again
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@HanifBayat
Watching in real-time in my area. Very very nice $2.6M listing no sell 90 days, pulled, re-listed $2.3M and no traffic so far.
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