Seasonal Trends: The Post-Holiday Market Surge
Historically, real estate activity slows down during December as buyers and sellers shift their focus to holiday celebrations. This pattern is evident in Google search trends, which show a sharp decline in real estate-related searches during the holiday season.
However, as seen in previous years, January brings a resurgence in buyer activity. Even with some lockdown measures still in place, eager homebuyers wasted no time in resuming their search.
A prime example of this demand spike was one of the first new listings in Saint-Lazare, which attracted over 75 showings and 20 offers. However, as the weeks progressed, the number of buyers competing for each new listing gradually declined.
Key Factors Impacting Buyer Demand
Several elements have contributed to the subtle cooling of the market:
1. Buyer Pool Shrinking Over Time
Each successful home sale removes one more buyer from the pool, naturally reducing competition for subsequent listings.
2. Interest Rate Hikes Affect Affordability
The recent increase in interest rates has made mortgage payments more expensive, effectively pricing some buyers out of certain price brackets.
3. Inflation Is Forcing Buyers to Reconsider Their Budgets
The rising cost of living expenses—from groceries to gas—has left many buyers hesitant about moving forward with a home purchase. Some are waiting for more economic stability before committing to a mortgage.
📍 Related: The impact of higher interest rates on mortgage payments
Need Help Selling Your Home?
Every home has the right buyer—sometimes, it’s just about making the right adjustments.
If you have questions about why your home isn’t selling or want an expert’s opinion on market conditions in Quebec, reach out today!
📞 Call Peter Thompson: (438) 500-8344
📩 Email: peter@peterthompson.ca
🏡 About Peter Thompson
Peter Thompson is a Quebec real estate expert specializing in helping homeowners navigate complex market conditions. Contact him today for a personalized home sale strategy.
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