Hey there, friends! Can you feel it? Spring is in the air, and so is the buzz of the real estate market! As we gear up for the spring season, I wanted to give you a heads-up on what to expect in April.
🏡 Market Momentum: There was a recent significant uptick in sales! With 13,120 homes for sale and an anticipated 8,000 to 9,000 sales, buyers will be facing limited choices and increased competition. Brace yourselves for multiple offers and a rise in prices!
💡 Timing Is Key: We’ve been getting questions from buyers wondering if they’ve missed the boat. Here’s the scoop: the best time to buy was yesterday, and the second-best time is today! Prices continue to climb due to factors like inflation, increased demand, and fewer new construction projects. Now’s the time to seize the opportunity before prices soar even higher.
📈 Market Dynamics: With interest rates expected to drop and more buyers entering the market, home prices will face even more upward pressure. Renters are feeling the pinch too, as rental rates have been on the rise. But fear not! There are options out there for all buyers, whether it’s exploring basement rental units or considering different neighbourhoods.
🔍 Get the Facts: Making the right decision starts with having all the facts. Don’t rely on misinformation from the internet! Reach out to Lina & Team, your friendly neighbourhood realtor, for expert guidance and advice tailored to your needs. Let’s chat and ensure you’re equipped to make the best decision for your future.
📞 Let’s Connect: Whether you’re buying, selling, or just curious about the market, we are here to help. As your professional, experienced realtors and friends in real estate, we’ve got your back every step of the way.
