March Market Update St. Thomas Ontario

Hello, St. Thomas here to update you with what happened in the March market. 78 homes in total  traded hands, the average home price rose to $603,534, new listings were down at 85, and days on market decreased from 36 to 20. What does this all tell us? The spring market is here. The Bank of Canada announced that their last meeting that they wouldn't be adjusting rates at this time. Inventory is low and buyer demand has remained high. So if you have been thinking about selling your home, now might be the best time to get it on the market while there's lots of people out there looking. And if you're looking to buy, I believe we've already hit the bottom. So if you're looking to jump in, you better do it sooner than later. Hope you found this information useful. Take care.