March 2024 Markets Stats Analysis

Let’s dive into the numbers for March 2024 versus 2023 and unpack what they mean for you:

1️⃣ Increase in New Listings: Spring market vibes are strong! 🌷🏠 More properties hitting the market means more choices for buyers. Whether you’re a first-timer or downsizing, or looking to buy your forever home, there are some great homes coming to market and waiting for you.

2️⃣ Moderate Price Increase: Good news for both buyers and sellers! Prices are on the rise, but at a steady pace of 3-5%. It’s the Goldilocks scenario - not too hot, not too cold, just right. Coupled with an increase in inventory, it’s a great time to be on the market.

3️⃣ Bank of Canada Meeting Alert! 🚨 All eyes are on the big BOC meeting coming up on Wednesday, April 10. The burning question: will they hold steady or start cutting rates? Stay tuned for updates - it could impact the market big time!

Exciting times ahead in the real estate world! 🏠💼