Buyers are Back! Market Update for January 2024
Posted by Glenn Feldstein PREC on
Welcome to our latest update on the Greater Vancouver real estate market with Brittany! Despite a sluggish 2023, buyers wasted no time in pursuing their real estate goals in 2024. Our observations indicate a notable surge in activity, signalling pent-up demand following the preceding year's subdued market performance. In January alone, we witnessed an uptick in sales, with a staggering 38% increase compared to the same period in 2023. That being said, those figures still remain significantly lower than the 10-year average. Moreover, the market saw a 14.5% rise in newly listed properties which is also below the 10 year average for this time of year.
Interest Rates Getting A Lot of Attention
The bustling activity in January can be attributed in…
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