In this episode, London Ontario real estate agent and podcast host Phil Bailey leads us through the latest stats, what he's seeing in the market in terms of pricing, predictions for 2026, and what buyers and sellers should do right now.

Phil Bailey is a real estate agent with HouseSigma Inc. Brokerage and host of the London, Ontario Real Estate Podcast. If you ever have real estate questions (or want to be on the podcast!), please reach out to Phil directly.

Get in touch with Phil Bailey:

📲 Call/Text: (226) 977-2348
👨‍💻 Website: https://www.philbailey.ca
👉 Podcast: https://www.philbailey.ca/podcast

Key Takeaways:

• The market is seeing a slight increase in home exchanges compared to last year.
• Buyers are currently very selective, allowing them to take their time with decisions.
• Pricing strategies must be competitive and based on recent data.
• Sellers need to forget about pandemic pricing and focus on current market conditions.
• Pre-approval for mortgages is crucial for serious buyers.
• Buyers should prepare their criteria early in the year to act quickly when opportunities arise.
• Interest rates are a significant factor in market dynamics.
• The market is currently balanced to a buyer's market, offering more options for buyers.
• Listeners are encouraged to reach out with questions or topics for future episodes.

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