Home sales close out 2024 with a strong finish!
Home sales reported on the Multiple Listing Service® (MLS®) in Metro Vancouver increased by more than thirty percent in December compared to the previous year, signalling a strengthening demand as 2024 comes to a close.
“Looking back on 2024, it could best be described as a pivot year for the market after experiencing such dramatic increases in mortgage rates in the preceding years,” said Andrew Lis, GVR’s director of economics and data analytics. “With borrowing costs now firmly on the decline, buyers have started to show up in numbers after somewhat of a hiatus – and this renewed strength is now clearly visible in the more recent monthly data.”
Let’s separate the Sunshine Coast data from the Metro Vancouver figures, as this is a crucial step in analyzing the data accurately!
If you’re looking to buy or sell on the Sunshine Coast, our team is ready to help! We are anticipating a healthy market heading into 2025.