Home Buyers and Sellers Walk Away from Toronto Real Estate Stalemate
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►► The Toronto Real Estate Market is officially at a stalemate. Would-be home buyers are simply now just walking away while home sellers are staying put, even if that means their home listing is just sitting idle on the market.
The April 2024 real estate data has now been released. The real estate data spells out exactly why the Toronto Real Estate Market experienced another 20-year low in real estate sales yet again. The reason is simple: home buyers do not agree with the home sellers on where they think prices are and will be in the future. In very simple terms, there is essentially no meeting of the minds and both parties are at opposite ends so no real estate deal can be done.
In this episode of Prime Properties TV, I break down what I'm seeing in the real estate data that's causing the stalemate so make sure you tune in for more details in this April 2024 market update episode!
#TorontoRealEstate #TorontoCondoMarket #TorontoRealEstateMarket
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