Podcast 57: Why would anyone buy or sell real estate right now? Q4-2023
It's a terrible time to be buying or selling real estate in the Greater Toronto Area.
In October 2023, we had 4,646 sales, which is THE WORST number of October sales since 1999, even accounting for the population growth and all the new homes being built. For context, the peak number of sales in the GTA was 15,623 in March 2021. In the 28-year history that we have recorded for TRREB MLS sales, we are 32% below the average of 6,806 homes sold.
But still, there's still 4,646 transactions that happened (9,292 people transacting because there's two ends to every deal, a buyer and a seller).
So who are the six profiles transacting in real estate right now?
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PODCAST (VIDEO):
Podcast 57: Who Are The 6 Kinds Of People Transacting in Real Estate Right Now in Q4-2023?
PODCAST (AUDIO):
LINKS TO PODCAST:
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