TRREBโs 2025 Market Outlook predicts 76,000 home sales, a 12.4% increase over 2024! Lower borrowing costs and strong supply are expected to boost buyer activity. ๐๐๏ธ
January 2025 saw 3,847 home sales, down 7.9% year-over-year, while new listings surged by 48.6%, keeping the market well-supplied. The average selling price rose 1.5% to $1,040,994, with stronger price growth expected for single-family homes. ๐ผ๐
Are you wondering what this means for the value of your home? DM us @boltonandclements for expert advice on your specific situation! ๐ก๐
Watch our December 2024 Market Report reel on Instagram and see how the trends affect you. ๐ก
Yours in real estate,
Bolton & Clements Real Estate Group