Mar. 8, 2009 - Milton Total Market Overview

We are sorry for the delay in getting these 3 issues of the total market overview out to you; computer meltdowns and a business trip to Florida are the culprits.

The market over the last 3 weeks has seen relative stability in the number of units sold, fairly short average days on market, and a stabilization of prices. The average days on market being around 35 leads me to believe that, as happened to one of our listings recently, people are seeing a home they really like, waiting a week or 2 to see if anything better comes on the market, and then making their buying decision.

At the Keller Williams Family Reunion I just attended in Orlando (our annual convention), one of the points that really hit home with me is that this market is a 'limited-time offer'. Just like when stores have sales for a week or two and advertise 'or while in stock', no-one knows when the market will turn. I spoke with hundreds of real estate agents from across North America, and all the really good ones knew the day the market turned in their area. That day was May 12th, 2008 in Milton. We don't know when the market will turn back up - I wish we did - but we do know that when it does, and the public catches on to that change, prices will rise and the best deals will be gone.

So, are you looking for a great deal on a good home for your family? If you are, the current combination of lowest-in-history mortgage rates and low prices say that it is time for you to take action NOW. Call me at 905-208-7002 to discuss your options.

You can download the Total Market Overviews by clicking the links below:

http://TownofMilton.com/TMO-02-20-09.pdf

http://TownofMilton.com/TMO-02-27-09.pdf

http://TownofMilton.com/TMO-03-06-09.pdf

Don't forget our upcoming Millionaire Real Estate Investor Workshop on Tuesday March 17th - details at http://MREISeminars.ca and our upcoming 'Your First Home' Seminar on Thursday March 19th - details at http://AllMiltonHomes.com

Until next time, have an awesome week!