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Market Update Oct 2024
Are you curious about what's on the horizon for the real estate market? In this episode, I'm sharing my insights and predictions for October 2024, along with some valuable data from BMO's economic forecast.
We'll dive into the latest market trends, including new listings, active listings, and average sale prices across Durham. I'll break down the data by area and compare it to previous years, giving you a comprehensive view of the current market conditions.
How the market is shifting towards buyers and what it means for both sellers and investors
The relationship between listing prices and sales prices
Average days on market and what it indicates about market activity
Price trends across different areas in Durham
The absorption rate and its impact on market dynamics
I'll share BMO's predictions for the coming quarters, including:
Expected increases in existing home sales
Projected price changes
How these forecasts might affect your real estate decisions
Whether you're looking to buy or sell, I'll provide you with actionable insights based on the current data and future projections. You'll learn why this might be an opportune time for both buyers and sellers, and how to navigate the market effectively.
Remember, while we can't predict the future with certainty, understanding market trends and expert forecasts can help you make informed decisions.
Connect with Chris Shebib here:
https://shebib.com/
https://www.facebook.com/shebib
https://www.linkedin.com/in/chrisshebib/
https://twitter.com/chrisshebib
https://www.youtube.com/channel/UCIP29W-Jnbi528FAGMhhSjg
