Jo-ann Cudmore

Discover your Dream Home in Niagara: Buying and Selling homes in St Catharines, NOTL, Niagara Falls and area

office: (905) 468-4214
cell: (905) 321-8126
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Market Cycles

November 11, 2013

Generally the market is sluggish through the winter months, but there is usually an upswing in sales of homes in the springtime.

In general, there are three types of real estate markets:

  • Buyers’ market – In a buyers’ market, there are more houses for sale than there are buyers. Generally this means that homes will sell for less, sellers will usually agree to more concessions and contingent offers are more readily accepted. The buyer is more or less in control of transactions in a full-fledged buyers’ market. For sellers, there will be increased pressure to accept lowball offers, to make more costly repairs and to allow concessions in the buyers’ favour.
  • Sellers’ Market – In a sellers’ market, there are fewer houses for sale than there are buyers. This creates a demand for the available properties, putting the seller more in control. They will command higher prices with fewer concessions and demands for repairs. It is generally not a good idea to buy in a sellers’ market, but to ride it out if possible to wait for the market to soften a bit.
  • Neutral Market – In a neutral market, there is an equal balance between homes for sale and potential buyers. Interest rates tend to be most affordable in a neutral market and there is no marked advantage or disadvantage for either side of the buyer/seller relationship.
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2022 Market Update

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Market Snapshot – April 2021

Information For Home Sellers

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Niagara by the Numbers – May 2022

Market Snapshot – February 2022

Market Snapshot – April 2021

About Jo-Ann Cudmore

With over 24 years of residency in the Niagara area, Jo-Ann Cudmore has acquired an impressive level of knowledge in the various market niches throughout the Niagara area. She is the perfect choice if you are buying or selling a home in Niagara.


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president's gold
2016, 2017

2008, 2018, 2019
award of excellence - lifetime
2017

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Royal LePage Niagara Real Estate Centre Inc., Brokerage | 125 Queen Street, Box 1645, Niagara-on-the-Lake, ON L0S 1J0

Office: (905) 468-4214 | Cell: (905) 321-8126

Helping people buy and sell their homes in Niagara-on-the-lake, Niagara Falls, Port Colborne, St. Catharines, Stoney Creek, Thorold, Welland, Fonthill, Virgil and Wainfleet.
Specializing in buying or selling properties suitable for Bed and Breakfasts.