Bidding Wars are Making a Comeback in the Real Estate Market

My two cents worth:

Recent reports have confirmed what many have feared: the housing market is still in a state of depletion/low inventory, and bidding wars are making a comeback. This development is crucial for sellers, as it requires a shift in strategy regarding how to price and sell their homes. For buyers, it signals a need for a mindset change, given the high interest rates, limited inventory, and fierce competition.

It's important to acknowledge that this housing shortage will persist for years to come. Delaying the decision to buy a home will not solve any issues, and may actually worsen the situation. Therefore, it's advisable to contact myself or Jorden Birks (we are not a team but can work together at times), who can provide guidance on how to navigate the current market conditions, whether you're a buyer or a seller.
Cheers!