May market update and some advice if you have a flood

The most interesting talking point this year continues to be condos. They’re still on the rise. I feel like they are following the same trajectory as detached houses last year. They should plateau in May, stabilize through the summer and pick up again in the fall.

Detached houses have picked up again with some selling well over asking price again. There is a bit of a resurgence that may maintain momentum through to July. It’s a small sample size so it’s hard to predict. What I can say with certainty is that houses aren’t going down in price.

If you know a friend trying to plan a move, please get us connected. Strategic planning early on can really help their focus and make their goals a reality and want to help make that happen.