CREB®'s Q1 2023 Housing Market Report
Sales activity has behaved as expected through the start of 2023 and slowed by 43 per cent over last year?s all-time record-high performance in the first quarter. The steeper decline in the first quarter was expected, given the surge in sales last year, as purchasers were eager to enter the market ahead of expected rate gains.?While no further rate gains have occurred so far this year, the higher lending rates and limited supply options are contributing to ...
Full Article...
posted in General
at Thu, 27 Apr 2023 19:10:54 +0000
MARCH HOUSING MARKET UPDATEApril 3, 2023
Prices rise as conditions favour the seller
Sales and new listings have improved over the levels reported at the beginning of the year. As a result, the spread between sales and new listings supported some expected monthly inventory level gains. However, the 3,233 available units reflected the lowest March inventory levels since 2006 and left the months of supply just above one month, firmly in the seller?s territory. While conditions are not as tight as ...
Full Article...
posted in General
at Mon, 03 Apr 2023 20:45:14 +0000
