Spring is here, and with it we are hoping to see some new listings hitting the market.

It's definitely still a seller's market which has made it hard for buyers these days.

Last month I spoke about the CREB forecast and listening to the Chief Economist, Ann-Marie Lurie, and her forecast for 2024 is exactly what we thought it would be

In 2023, we saw the benchmark price increase month over month through the entire year due to low inventory and migration patterns. It will be interesting to see if this trend continues into 2024.

The year has flown by! With many personal challenges this year I am looking forward to saying goodbye to 2023 and hello to 2024! I want to wish every one of you a safe and happy holiday. I am so grateful for amazing clients, friends and family. Thank you! Have a great Christmas and safe New Year and I look forward to seeing you all in 2024

Welcome to November!  October flew by as we head down the home stretch to the Holiday season. Home sales slowed down in the month of October, but that is a normal trend heading into the holidays. That being said, sales were still about 17% higher than they were in October of 2022. We are still seeing gains. These gains are mainly taking place in the apartment sector due in part to their affordability and the interest rate. Looking forward, we are hoping to see interest rates come down a bit in the spring or summer of 2024.

Sales in September remained at record highs. Condos are still a major driving force in the market

Sadly summer is coming to an end but winter sports are starting and the market is staying strong!

Inventory levels did increase slighting in July. However, they remained very low keeping inventory levels the lowest ever recorded for July. The means that it is still very much a seller's market. As such we have seen our benchmark price increase for 7 consecutive months now, now sitting at $567,700.

Spring is here, and with it we are hoping to see some new listings hitting the market.