The Grime Team - Royal LePage RCR Realty, Brokerage

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Blog Entry

The Grime Team Spring 2024 Blog

April 2, 2024 @ 12:00 AM

Spring has sprung!

And so has the spring market. It looks like we’re back into the typical market swings after the pandemic threw everything into hiatus.

Average sale prices are at a healthy level, sales have picked up in the last couple weeks, and great news…inflation has remained below 3% so far this year. We were actually down from 2.9 to 2.8% which is great, and sort of unexpected. So what does this mean for the real estate industry?

Well, everyone is waiting for the first interest rate drop and with inflation staying below 3%, we could see it happen sooner than expected.

Many economists were predicting late summer, early fall for interest rates to drop, but it could be sooner.

Reach out to our team for any questions you have regarding the market in your area for some detailed information on market activity.

Happy spring everyone!

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