Posted on
August 8, 2025
by
Karli Fortin
The soothe of the rain⌠the calm after the thunderstorm? It grounds us humans, doesnât it? And when weâre grounded, we start thinking about our nests, our comfort, and what we want next. Maybe itâs shifting towns, chasing a view, tucking away in a forest, to grow a bigger garden, or finding a home close enough for the kids to walk to school.
Security settles in when we feel grounded, and a good hard rain paired with a thunderstorm is a recipe from the Gods of grounding!
We humans tend to feed off the same cues. When the market stirs, itâs because we all start opening our Realtor.ca apps at the same time⌠all start feeling that little itch: Maybe I should go look at that cute house Iâve been eyeing. The crispy outer shell of summer steam, the muggy middle air⌠itâs beginning to fuel us.
So when my pickleball crew says, âFinally, Iâm getting busy againâ, and itâs only the beginning of August, thatâs either a bump toward the shift⌠or it is the shift.
Weâve been in a lull for over a year now. Not that homes arenât selling â they are! Itâs just meant three showings and then an offer, instead of dozens of showings. Moire price drops. Longer listing wait times. Exhausted sellers pulling their homes off the market to âwait for better days.â
Usually, September is when the market shakes off its cricket-ridden, river-floating August slumber. But this year? âThe Great Slow Augustâ started well into July and price drops are drifting down like dandelion puff seeds â bonking nonchalant buyers in the noggin and landing smack in their field of awareness.
Hereâs what the hot sheet says in the last 30 days:
288 new listings
107 gone unconditional
190 SOLD
232 price drops
25 price increases (donât get too excited â most are just tactics to revive a forgotten listing âbump up a littel⌠bump down a bitâ)
Buyers â this is your time to go fishing. Toss out some offers. See what bites. The waterâs teeming with deals.
Sellers â the smart ones are pricing sharp and getting scooped up before the September rush hits. Being forgotten in the haze of houses, is a recipe for less money in the long run and a term called âchasing the marketâ -money tossing and not a fun game.
Right now itâs like Christmas in the summer, and your mortgage broker is Santa, leaning in with a grin: âHoney, what would you like for Christmas?â And us Realtors are your little Elves, holding your hand, yipeeing along beside you.