Matt Phillips Real Estate Professional

Bidding Wars Are The New Norm For 2020 In Durham Region

Thursday Feb 13th, 2020

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Matt Phillips Low Commission Realtor

February is a complete sellers market in the GTA, especially the Durham Region.  There is a total lack of inventory right now and we are seeing 9 out of 10 homes sell for over the asking price.  Obviously buyers don't pay over  the asking price unless they are forced to by the competition.  This week alone i have seen a handful of homes sell for well over $100,000 over asking.  Many sellers are generating over 20 offers on their home right now.  In my... [read more]

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