March 2020 Market Update

Posted by Tom Shearer on Thursday, April 2nd, 2020 at 4:09pm

We get asked all the time about what is happening in the market. This past March has been one like no other. The Real Estate business was showing signs of optimism at the beginning of this year after a number of years of challenges. While prices were down, sales activity was going up.

This past March, we experienced a major readjustment due to the Covid-19 Pandemic. While business continues, we felt the effects in sales. Prices came down from just under 2% last month and % 3.78 from last year. The total number of sales was off pace by 3%.

We can't say what will happen over the next few months, but what we can say is this:
There are still people out there that have the ability to purchase a home. Now more than ever houses are well represented on line, and it is easy to explore neighbourhoods, schools, and each property that is for sale with out leaving the safety of your current home.

Our Team of Real Estate Agents want to responsibly help you make your home selling or buying decision in the best way possible. They can meet through a video call, review what is happening in your market place and provide you with the facts you need.

We're here to help you, because that's what we do.

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