Our Spring market has picked up, despite lower listings and sales volume. The lack of change to interest rates has likely contributed to the increase in buyer confidence, that couple with low inventory has led to more multiple offer situations.
It's also important to note that each local market can vary significantly, and it's crucial to understand the specific trends and developments in your area to make informed decisions when the time is right for you. While media reports can provide some insight into broader market trends, they may not accurately reflect the conditions in your specific neighbourhood or price point.
The next rate announcement on June 7th is expected to have no change, which could further impact the behaviour of buyers and sellers in the real estate market. It's important to stay up-to-date on these announcements and their potential impact on the market.
Overall, it's a good idea to work with a knowledgeable and experienced real estate advisor who can provide insights into the local market.
Please reach out to us if you feel it would be helpful to learn more about what is happening in your market.
Posted by Glenn Feldstein PREC on
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