Selling? Know Your Numbers They Never Lie

No one wakes up in the morning and says “Lets sell the house next week”.  If your house is like mine, my spouse would certainly be questioning my sanity.   In reality, by the time you see a home listed in the spring months of planning, household repairs and preparation have gone in. As buyers what you see that first day you walk in the door is a very deliberate and stage home.  Consider it like a first date and when you open that door you have no idea how much time, energy and planning it took to get you there with flowers in hand.  There are a couple of blogs on this topic of when to sell, which I will write later, but I want to focus on how important it is to monitor housing statistics.

I am talking with a couple of my Toronto clients now and we are getting ready to listing their home in the April and May.  At present, YES  there is a lot of trepidation in our GTA housing market and over the next 3 months we will be closely monitoring the Toronto Real Estate Boards monthly housing statistics.   Once we see the housing statistics move into window where we see the right environment to sell then and only then will we go.

I have a previous blog, as well as my article for ZOOMER magazine, on what I predict for Toronto buyers and sellers for 2013 in December.   A quick update, for the last 6 months of 2012 Toronto experienced a decline in the number of monthly listings over the 2011. With this in mind, I will be looking at how Toronto`s monthly as well as our local neighbourhood statistics come in over January, February and March.   The reason for this is I want to compare Toronto monthly housing to what is being reflected in neighbourhoods we are listing in.  What I have seen in the past is Toronto monthly statistics showing a sluggish housing market where on the neighbourhood statistics it reflected a robust selling market.

This year with our moving into a balanced selling market it`s a housing market many are unfamiliar with.  If you going to navigate through uncharted waters, then you want to have compass…and the statistics will give you a good indication of  the direction to go.