A dip in property values does not necessarily mean the housing market is falling. No market has continued in one direction forever.
• It’d be hard to identify a falling market through a downward price movement for it could just be a blip rather than the start of a trend.
• The number of days to sell is a good indicator of a falling market – sellers may consider the “days to sell” stats by REINZ in planning for their sale.
• If you’re selling a property, speed is of the essence, especially in a falling market.
• One way to speed up a sale in a falling market, is to prepare a seller’s information pack w/ paperwork to help buyers make a decision fast.
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