Search MLS – Real Estate Listing in Vaughan, Toronto & GTA | Zoie Conforti https://www.zoieconforti.com Thu, 22 Feb 2024 15:15:06 +0000 en-CA hourly 1 https://wordpress.org/?v=6.4.3 2024’s Sales Surge and What it Means for the Market https://www.zoieconforti.com/2024s-sales-surge-and-what-it-means-for-the-market/ https://www.zoieconforti.com/2024s-sales-surge-and-what-it-means-for-the-market/#respond Thu, 22 Feb 2024 15:15:04 +0000 https://www.zoieconforti.com/?p=898 The real estate market never ceases to amaze. In January and February of 2024, the market changed and surprised many again with increased prices and sales that occurred almost immediately. Many sellers that sold in 2023, and even the first week of January 2024, witnessed the slight hike in prices most recently and may have... View Article

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The real estate market never ceases to amaze. In January and February of 2024, the market changed and surprised many again with increased prices and sales that occurred almost immediately. Many sellers that sold in 2023, and even the first week of January 2024, witnessed the slight hike in prices most recently and may have experienced some seller’s remorse come their closing dates. 

A few weeks ago the market surged and showed signs of more offers, more properties listed, and more buyers showing up to compete. This slight surge showed an increase in sales and an opportunity for sellers to make extra money on their properties at that moment.

The Statistics

The Canadian Real Estate Association noted a 22% increase in home sales for January 2024—an impressive jump since May 2021 with sales having increased in December of last year as well. These increases were more prominent in the major cities of each province including Toronto, Hamilton, Vancouver, Calgary, and others. 

While this is certainly uplifting, many economists note that the real estate market is still working hard to develop a strong foothold in light of the last couple of years and its devastation however this sudden upturn does show evidence of the market making a slow comeback. House prices were still up this January by 7.6% (compared to prices in January 2023) and trends are showing that the number of new listings in the market is also slowly increasing as of December 2023.

What It Means for the Future

While this sales surge certainly did surprise many and the competition still seems to be growing slowly, the most recent weeks have shown a slight calming down. We are currently still experiencing a seller’s market and economists predict that 2024 will continue to surprise us and differ greatly from the real estate market of 2022 and 2023. 

Contact Zoie Conforti Today!

If real estate market research isn’t your forte then a changing climate can pose itself as stressful and unpredictable. Having an experienced realtor in the GTA who can navigate the highs and lows of the real estate market can save as well as make you money. Call me today at 647.293.8773 so we can achieve your real estate goals together!
Real estate is second nature to me. Developing my expertise in real estate and navigating the market as well as every step of the selling and buying process alongside my clients has allowed for unmatched experience and keen intuition in today’s wavering real estate market. If you’re in need of someone who can guide and advise as to the best opportunities and times to buy and sell, then look no further! Contact Me today!

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