Here’s the list of 2024 real estate market dates you need to know: if this is your year to sell your home, buy a home or both.
1)The spring market kicks off in Metro Vancouver around the middle of February. Just after Valentine’s Day, you’ll start seeing plenty of for-sale signs popping up. The spring market brings with it the best selection of properties coming on the market for buyers and the largest number of buyers looking at properties for sellers.
2)The Bank of Canada has eight interest rate announcements planned in 2024. Interest rates and the housing market go hand in hand. If the rates go up or down, the market goes up or down. The costs of borrowing directly affect what prices buyers can afford to offer on a home for sale. Keep track of rate announcements with this list below.
- January 24
- March 6
- April 10
- June 5
- July 24
- September 4
- October 23
- December 11
3)The Fall market uptick. If you missed spring, the fall market has a burst in activity after kids are back in school. The second week of September to the second week of October is a busy time for both home buyers and sellers. This is a short window compared to the spring before everything quiets down for the holidays.
The real estate market is financially, emotionally, and seasonally driven. While the 2024 real estate market dates are an important factor. There’s much more that goes into making your purchase or sale smooth and stress-free. Putting this all together for a successful move is essential. That’s what I’m here for. Get in touch anytime. I’d love to help with your next move.