Buy now or wait? My advice in today’s market
It’s the question I hear most right now. And my answer might surprise you.
A buyer-friendly market, for now
Right now, especially for condos, inventory is high and interest rates are still relatively low. What that means in practice: you’re shopping without pressure, you have options, and you have room to negotiate.
That’s rare. Take advantage of it.
Higher rates don’t mean lower prices
Many buyers are waiting for prices to drop before making a move. But recent history tells a different story. In 2023, when rates doubled, inventory dropped drastically and prices stayed roughly the same. Sellers simply pulled their properties off the market rather than accept lower offers.
Waiting for rates to come down could mean less choice and more competition.
So what do I advise?
If you’re financially ready and you find a property that fits your needs, don’t wait for the perfect moment. Today’s market is offering you something valuable: time and choice.