How Long Are Homes on the Market in Whitby, ON?

If you want to sell your home, give me a call at 905.428.8100!

We had an excellent spring market; the average days on market was just 18 days! As the summer comes, it is normal for that number to increase just a bit; people are on vacation and the market tends to move a little slower.

Another factor that may cause the market to slow is rising interest rates. Two weeks ago a five year loan was just 2.99%, now it is 3.29%. This isn’t a huge difference but it may discourage some buyers.

On the other hand, those buyers who are already preapproved will want to move quickly to lock in that lower interest rate.

What strategy do you recommend sellers to get their home ready to sell?

Now is a great time to sell! We are still floating around 18 days on market. The sooner you get your home the market, the better.

With back to school approaching, a lot of buyers with families are looking to close on a home fast! I worked on three different offers this week and everyone seemed to want to close quickly! So, sellers know that there are buyers out there who are willing and able to buy your home!