November 2022 Market UPDATE - London St. Thomas
Siemens Home Team
Thursday, December 8, 2022
Perhaps you have heard these expressions: "the local housing market is in correction mode", "the interest rate hikes are affecting buying power".
And it is true there is a reluctance among buyers to purchase due to the rate hikes, also they are waiting to see how far the down the housing market correction will go.
However, there is still high housing demand in London and St. Thomas area plus with increased levels of inventory there are now more options and time to shop for homes (conditional offers are back!!)
And if you are thinking of selling your home, those who have owned their property for a longer period of time, will be able to still significant equity in their home.