WELCOME TO THE ABTEAM OCTOBER BLOG! October is harvest season in North America, and here, in our local real estate arena of the beautiful Durham Region, we currently have a bountiful supply – a veritable cornucopia of housing offerings -- ready to be harvested!  Truly, as a collective, the real estate industry is hoping that the Fall 2024 market ushers in a rebound in consumer confidence for the housing market that persists past just one or two quarters; a steady,... [read more]

  We get asked this question everywhere we go, especially at this time of year, as a new year is about to unfold before us. We love having the conversation. Educating homeowners and homebuyers on what is really happening, devoid of the hype written in almost every news outlet, is a privilege to us. Here’s our position for the coming housing market year in our area…   For 2023, we are anticipating a market in correction for the first half of the year,... [read more]

  While this month’s edition may read a little “doom and gloom”, bear in mind that the summer market is always slower than the rest of the year, and our statistical analysis is reflective of what happened for the month of July -- a notoriously quieter month on the resale calendar. That, coupled with rising interest rates, out of control inflation and a new tentativeness in the buyer psyche, equals a very changed landscape in the world of real estate. Once the kids... [read more]

' Tis The Season... It’s the most wonderful time of the year once again, when holiday joy fills the heart! This year, more than ever, the whole world needs a little more hope, a little more grace, and a little more peace...it is our greatest wish that this Christmas, your lives will be blessed with happiness, health and everything that is good and positive, beautiful and kind. At our brokerage, the holiday spirit is alive and well. We kicked off the season with our annual... [read more]

In this edition of tempo, you will notice that we saw an uptick in the market for the month of August here in the Durham Region. The volume of sales increased, while our new listing inventory was lower than in July. The average price rose slightly in every category of detached, freehold homes, with beautiful, well-presented, properly priced properties experiencing multiple offer scenarios, many with competing offers counting into the teens. Houses took longer to sell but ultimately sold for... [read more]