February 2021: sellers’ market leads to rising prices

2021-03-04T09:42:04-07:00March 4th, 2021|Real Estate Market|

With gains in every price range, residential sales activity in February totalled 1,836 units. This reflects the best February since 2014. “Despite continued COVID-19 restrictions, housing activity continues to improve. Much of the strong sales activity is expected to be driven by exceptionally low mortgage rates,” said CREB® chief economist Ann-Marie Lurie. “Confidence is also [...]

December 2020: Amidst economic challenges, housing market ends 2020 on a high note

2021-02-04T10:00:52-07:00January 8th, 2021|Real Estate Market|

With December sales of 1,199, this is the highest December total since 2007. “Housing demand over the second half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring,” said CREB® chief economist Ann-Marie Lurie. “Even with the further restrictions imposed in December, it did [...]

September 2020: home sales rise along with supply

2021-02-04T10:12:06-07:00October 8th, 2020|Real Estate Market|

September sales activity jumped to 1,702 units, the strongest September total since 2014. New listings in September improved over last month, but levels remained comparable to the previous year. The increase in sales relative to new listings did prevent any monthly gains in inventory levels, but supply in the market is still down 12 per [...]

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