Canmore Real Estate Mid-March UpdatePosted by Ben Maize on
spring market preview?
There is a lot of hype about real estate in Canada these days and many people are wondering where the market is going to go this year. With the previous 2 years of heightened sales activity and sellers making big gains, this year could be a turning point...Or it could be totally unremarkable. Rising interest rates have put the squeeze on buyers and low inventory has left homeowners wondering where they would go if they did sell.
So far in Canmore, sales for the month of March are on pace with pre-pandemic numbers and inventory is consistently low. There have been 19 closings so far at the time of writing and currently 104 active listings on MLS. Of those active listings, the average days spent on market is 71 and sellers…
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