It’s no surprise that prices have fallen more than 20 per cent from their peak in February 2022, however they remain significantly higher than three years ago.
“Limited supply and the small number of listings coming to the market continues to be a trend within the region,” says Bell. “There may be some hesitation for those considering selling their property due to decreased reported sale prices; however, with demand continuing to outpace supply and prices stabilizing, sellers are in a healthy position to make their move.”
If you are looking at Buying or Selling, contact me for further details about the current market. I’m always here to help.
