Weekly Market Update, Sep. 1/17

Remember Sara explained in the past, that off market listings are the ones haven't been sold.

No, inventory is still rising in all categories. What you're seeing right now is month end expired listings on mls. They'll just relist and then keep on relisting every 90 days.

let's see the next 2 weeks with the new interest rate increase

Yeah they're talking about Wednesday Sep 6 now instead of oct but not for sure just 50% chance but very possible. Yet buyers don't understand that they should not rush to buy. They don't understand they better wait for the price to come down. They can't be patient. They're used to be taken advantage of in terms of pricing. I'm not gonna say they're stupid but certainly not so smart. I'm tired of buyers behaviour in general when it comes to housing.

Is the inventory failing?

Thanks, Sara!

Why the off market listings almost doubled? Super sales?

# Expired/Off Market Listings: 550 (224, 272, 235)

--- "I’m tired of buyers behaviour in general when it comes to housing."

Who are you (to be tired of buyers behaviour)?

A property owner would not be saying such nonsense.
Obviously Wally doesn't own property and is hoping to buy in the future.

Doesn't take much of a increase to double interest rates when they're this low.

@GM

I am amazed by Wally's tone. He sounds like he is a god or a king, or at least a central bank governor. And the governor won't dare to say something like that in public.