Lower inventory

At one point this past week, there were only 23 residential properties with houses for sale through the MLS system, according the CREB stats. That is low. Mind you, traditionally, the level of inventory will pick up once spring rolls around. There is not much to choose from today for higher end type properties. Most of what is available is under the $200,000 mark. There are some buyers out looking around, but they do not have a whole lot to choose from. I am still hesitant to call it a Seller's market, because, on average, we have not seen a price increase. However, things could change if the inventory of properties does not pick up. This could lead to a very interesting spring in the Vulcan residential market.