Let's look back on Real Estate in February
Let's take a little look back at February: home sales are, on average, down. As are home prices.
But if you look back at last year's late winter/ spring market, there was a major buying rush which temporarily inflated prices and sales. And then once Spring was over, the numbers leveled out in a way that more closely matches the overall trends.
In addition, within these average numbers, there is a lot more going on: condo sales are very strong, and prices are rising; certain neighbourhoods and markets are slowing down, while others are still red hot.
If you ever have questions about what you're seeing in the market, give us a call at any time. We're here to help.