The law of supply and demand... Sound familiar?

The law of supply and demand... Sound familiar?

The law of supply and demand is the basic principle underpinning a market economy. This principle reflects the relationship between the demand for a product and the quantity offered. The rarer and more sought-after a product, the higher its price. In the real estate market, the more properties there are on the market, the less favorable the market will be for sellers, and if there are few properties on the market, sellers will find it easier to obtain a good price and good sales conditions.

In the West Island of Montreal, we're still in a seller's market at this time, as there are very few properties for sale. Although buyers' budgets are tighter due to higher interest rates, sellers are still generally making advantageous deals.

We're no longer in a pandemic, and outbidding is less frequent, but property values remain high. Selling times have lengthened, but a good property put up for sale at a realistic price will find takers.

Got plans? Why wait to take action? The current market is less active, but life goes on... It's important to live in a property that meets your needs, so you can enjoy a good quality of life. What's more, historically, buying a property has always been a good investment... Why should it be any different in 2023?

You're thinking of selling... and/or buying? Contact me!