Are the interest rates low enough for you? Are the home prices attractive enough? Is there a neighbourhood that’s just right?

As I had written in a previous post, this is a great time to buy, but according to the experts, the “buyer’s market” is forecast to be short lived. It’s looking like there has been a peak in the amount of homes for sale, and as we approach the historic increase in activity in the fall market, those numbers are going to shrink.

Why is there a buzz of activity in the Fall? In the summer, people are away on vacation, the kids are home, relatives are visiting, and general all around distractions are everywhere. The day after Labour Day, the kids go back to school, life returns to normal for the next few months and the buying cycle begins.

The busy seasons of real estate are from the beginning of March to the end of June and early September to sometime in mid November.

What could also add to an increase in activity this fall is the pent up demand created from the unusually slow summer market we have just been through. Just as our market couldn’t sustain the wild price increases and high sales numbers of the mid 2000’s, the market also can’t sustain the low sales numbers we have seen. People get transferred, have growing families, need to upsize, downsize, get divorced, and so it goes. Life doesn’t stop just because the market is in flux. Houses have to be bought and sold.

In fact, the best time to buy is when nobody else is!

So, let’s review: The interest rates are very low, the amount of homes on the market is very high ( but getting lower) and the downward price adjustments are here.

And you are waiting…..why?