Limited winter sales keeping real estate a seller’s market

By Mike Renzella

The Haldimand Press

HALDIMAND—2020 was an unprecedented year for many businesses, and real estate was no exception. Home viewings went virtual and sales charts went up and down with each new surge of COVID, but despite the uncertainty of the times, demand for homes in Haldimand County continues to outpace supply, with prices continuing to rise even as the economy faltered around them.

Haldimand Realtors Denise Postma and Deanna Van Groningen of RE/MAX made a combined statement about the current state of the local real estate market.

“Winter is typically a slightly slower time for realtors, however, with inventory levels very low, it is still an intense seller’s market and many buyers are fighting in multiple-offer situations to buy homes. Even in a pandemic, the Canadian Real Estate Association is predicting a 7% increase in unit sales for 2021 as well as an increase of 9% of average home prices,” said the statement.