Market Update

Posted by Ken Eddy on Monday, April 4th, 2016 at 1:31pm.

In the trenches...

With unemployment rates having reached levels higher than the previous recession, consumer confidence and and housing demand have certainly been impacted resulting in slow sales and elevated housing inventory. There were 1127 sales in February 2016, down 6.63% from February 2015 and 37% lower than the long-term averages for February. Overall, market conditions continue to favour the buyer and there are plenty of great properties available at market adjusted list prices. The type of market conditions being experienced continues to depend on what type of property it is and what price range it is in. As always, if you are curious about what is happening with the market in general, or in your specific neighbourhood, please call or email us anytime. We'd love to chat with you about it.

Ken Eddy

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