That famously wealthy investor Warren Buffett often quotes “Mr Market”. Who is this person? It’s really just a simple metaphor to explain market fluctuations. Often the sole reason for the change in price is Mr. Market’s emotions. A rational person will sell if the price is high and buy if the price is low. He would not sell because the price has gone down or buy because the price has gone up. While the erstwhile Mr Buffett is talking about the stock market, the same principal applies to property. However, as with the stock market, the property market often does not behave rationally.

So how do we work out when is the best time to buy or sell? Here are some simple facts from REINZ. In September 2015 8174 dwellings were sold. This is a 38.3% increase over September 2014 and 5.3% higher than August 2015. Spring is traditionally a strong listing market. However, this year while sales are strong new listings are still not keeping pace with those sales which means that the market is stable and prices are not likely to drop in the mid term. So if you are wanting to make a decision but feel uncertain about timing give me a call and we can discuss your immediate and future needs.