With the close of 2019 we have a complete overview of the year confirming new real estate guidelines/rules, stricter lending policies and new taxes over the past couple of years has impacted the overall market. Most sectors had minor decreases except townhome sales. This could be due to downsizing from single family homes or affordability for first time buyers wanting to buy a home.
2020 is expected to be a healthy and balanced market with signs of increase in market sales and inventory. Prices aren’t expected to increase much but as we progress through the year that will be determined.
I wanted to take this time as we start the new year to say thank you to all of you I had the pleasure of working with and I’m really looking forward to the year ahead.
As always, never hesitate to touch base just to say hi or happy to assist with anything market related.
Wishing you the best in 2020 !