Tug of War
Buyers and sellers in Southern Georgian Bay are battling it out over price in the resale home market
It’s still a buyer’s market for resale homes in Southern Georgian Bay – but with a twist: many sellers are sticking firm to higher prices, even at the risk of not selling. Meanwhile buyers, seeing that the supply of homes for sale exceeds demand, are looking for ‘deals’. It’s a tug-of-war between buyers and sellers on price, and realtors say both should be more realistic. “Essentially, one out of three-plus properties listed for sale on the local MLS [Multiple Listing Service] market actually sells,” notes Rick Crouch, broker and market value appraiser with Royal LePage Locations North in Collingwood.
