We continued to see the housing market cool in November, with sales dropping nearly 15 percent compared to last year and prices adjusting in response. Although a seasonal slowdown is typical, reduced demand has pushed inventory levels higher than we’ve seen in quite some time—creating a real opportunity for first-time buyers. With more listings available and homes spending longer on the market, buyers can compare options more thoroughly and, with their REALTOR®’s guidance, negotiate from a stronger position. Given the Waterloo region’s appeal and easing interest rates, I’m optimistic that more buyers will feel confident stepping back into the market in the year ahead.
If you’re considering making a move, feel free to reach out—I’d love to guide you through your next steps.
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