Real Estate Stats are out for December and we have put together our Monthly Market Review!
December is always quieter month for Real Estate. The GV market kept a similar tone to what we saw through the Fall - lower volumes in Sales & Inventory. We saw Months of Inventory (MOI) for all GV Properties move slightly downward from November (5.7) to 5.3, still sitting in a 'Balanced Market'. With higher rates becoming the norm, it will be interesting to how the supply and demand numbers perform to start the year. Buyers are still very conscious and price sensitive, creating some frictions in negotiations, as expectations can be out of line with Sellers.
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Looking to Buy or Sell Real Estate in 2023 or want to chat? Reach out, we'd love to hear from you, jonny@jeffdonohoe.com - 604-347-8663.