A ratio under 40% indicates a buyer’s market, between 40% and 60% represents a balanced market, and over 60% signifies a seller’s market. As the housing market competition cools, buyers in these regions have a unique opportunity to seize affordable homes without facing bidding wars. A ratio under 40% suggests a buyer’s market, while a ratio over 60% indicates a seller’s market. These cities have experienced a decrease in housing market competition, giving buyers more bargaining power. What cities are on the edge between a balanced market and a buyer’s market?

Source: National Post November 28, 2023 13:45 UTC