On The Upswing?

Life at the park.


In my monthly stats post for February I predicted March MLS solds based upon their slumping sales to date. The good news is the market out performed my prediction, which means things are improving.

Cambridge ended March with 209 solds (I predicted 175), Guelph came up with 241 (I predicted 210) and KW had 497 (I predicted 470). All in all the Waterloo Wellington MLS market was down by over 17% versus last year and nearly 24% from the record 2007 numbers.

How is this an upswing if we are on a downward trend? I would liken it more to a pilot pulling up on the stick as they plummet in a stall hoping to level off before the unfortunate ordeal of an unplanned landing.


M