đ§ 1. The market has cooled (but not crashed)
⢠Sales are down ~14â19% year-over-yearÂ
⢠This is mostly a shift from the crazy hot 2024âearly 2025 market â more normal conditions
đ Translation:
Homes are still selling⌠just not instantly and not with 10 offers every time
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đ 2. Prices are still holding (and slightly up overall)
⢠Avg sale price around $450Kâ$451K YTDÂ
⢠Up about +3% vs last year overallÂ
Some reports show short-term dips depending on month/property mix, but overall:
đ Values are stable to slightly rising
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đď¸ 3. Inventory is WAY up (this is the big shift)
⢠New listings up ~50% year-over-yearÂ
đ This is the biggest story right now:
⢠Buyers have more options
⢠Sellers have more competition
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âł 4. Homes are taking longer to sell
⢠Avg days on market:
o ~57 days last year â ~79 days nowÂ
⢠Some months even higher (70â90+ days)
đ Translation:
⢠You donât just âlist and prayâ anymore
⢠Strategy actually matters again
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đ° 5. Buyers are negotiating again
⢠Homes selling at about 98% of asking priceÂ
⢠Slight drop from last year
đ Meaning:
⢠Conditions, price reductions, and negotiations are back
⢠Overpricing = sitting
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đŻ What This Means (The Real Talk)
For Sellers:
⢠Youâre still in a good market
BUT:
o Pricing matters more than ever
o Presentation matters more than ever
o Youâre competing with more listings + new builds (GST rebates)Â
đ The âlist high and hopeâ strategy is dead
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For Buyers:
⢠This is the best window in 2â3 years
⢠More choice
⢠Less pressure
⢠More room to negotiate
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đ§ My Honest One-Line SummaryÂ
đ Leduc isnât slowing down⌠itâs just growing up.
Weâve moved from:
đĽ chaos seller market â âď¸ balanced, strategic market
If you're thinking about making a move, I may be the key! Call or text me at 780-298-3637 or send me an email at Sold@SarahLizee.ca and let's chat about a strategy that works!
