In the last few weeks the real estate market has shifted. As a result, there can actually be more buyers actively looking as some buyers may have shied away from the red hot market as they were not interested in overpaying as the result of a biding war.
Of course from the selling perspective, presentation, which has always been important is thus more important now. Plus, it may take a bit more time to sell your home. In a more balanced real estate market sellers must be realistic about the value of their home. Remember $100,000 over asking was not representative of the value of that home it spoke to the despair of the buyer. More here – yes, a Toronto Realtor’s contribution but he speaks more of the change in the market rather than specifics of the Toronto market.