Owners who have sold recently are very happy because they are selling their homes quickly, often with multiple bids and they are getting incredible prices. With continued low interest rates, extremely low inventory and the trend for more space due to COVID-19 with many people working from home the frenzy looks to continue.
Buyers on the other hand are becoming frustrated with having to pay these high prices and competing with the thousand of other families trying to make a similar move.
January detached 2-storey homes sales averaged was an incredible $2,059,000. This high number is the result of the very active luxury home sales market, those above $3,000,000.
