The March stats are in! Check out this quick recap video and my recent Instagram post to see what’s happening in your local real estate market.
Overall, we continue to be in a strong sellers market across Metro Vancouver. While the number of home sales are down from last year’s record numbers, they remained elevated in March. The lack of supply is still driving upward pressure on prices in all housing categories but buyers are keeping a close eye on rising interest rates, hoping to make a move before their locked-in rates expire.
Buyers, the spring market typically sprouts new inventory so be on the lookout for great opportunities coming your way. Sellers, if you are considering listing your home, now is the time; don’t wait until there is more competition.
Overall, we continue to be in a strong sellers market across Metro Vancouver. While the number of home sales are down from last year’s record numbers, they remained elevated in March. The lack of supply is still driving upward pressure on prices in all housing categories but buyers are keeping a close eye on rising interest rates, hoping to make a move before their locked-in rates expire.
Buyers, the spring market typically sprouts new inventory so be on the lookout for great opportunities coming your way. Sellers, if you are considering listing your home, now is the time; don’t wait until there is more competition.