The 2024 real estate market experienced price growth and stability amongst volatile interest rates and tight inventory. There was a welcomed increase in closed sales in 2024 compared to 2023, which recorded the lowest level of closed sales since 2008. Low inventory levels were driven by the “lock-in effect” from the previous lower interest rates. […]
Read MoreThe third quarter saw an increase in inventory, a decrease in interest rates, and continued price stability. Interest rates continue to be volatile, and in Q3 they came down by almost 2 points year over year. This caused more buyers to enter the market and pending sales to rise. The number of available listings […]
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