Building Momentum

No big spikes in the Powell River residential real estate market in the past six months but we’re seeing a gradual improvement in sales with 19 in February up from 14 in November and 16 last month. New listings have been sluggish as well with 30 in February and 38 in January, well down from the 50’s and 60’s we see when the market is moving well.  Total inventory too, is lower than during busier times.  However, there is optimism out there as more buyers are getting out looking at homes and potential sellers are asking for prices on their homes.  We’re showing eight sales in the first 12 days of March so things are starting to set up for an improved spring market. In February we moved from a five month old Buyers market into Balanced market territory.  Predictions are for a stronger year in real estate across the country and possible interest rate reductions.  If you’re thinking of jumping in, call, text or email me for honest market advice.