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Market Report October 2023

Tuesday, November 14, 2023 @ 11:51 AM
Posted By: Yvonne Plumb
Lack of affordability and uncertainty remained issues for many home buyers in October 2023, which resulted in 5.8% fewer home sales than last October. Population growth and a resilient economy kept overall housing prices strong, but we are seeing more interest in rentals due to high borrowing costs. Overall a fairly good opportunity for buyers as a more balanced market often means less competition and the ability to do greater due diligence around a home purchase.
 
Category: Market Watch



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