Market Update April 2020 - Real Estate in Strange Times

The world has continued to turn at the same, steady, consistent pace, but life seems to have ground to a halt for many. Real Estate is no exception. As you would expect sales are down. The year over year numbers indicate a 5% drop in sales volume. March started strong with the kick-off of our traditional Spring Market, but fizzled towards the end as people started to take COVID-19 seriously and adopted social isolation. All indicators are, in BC at least, that our efforts are paying off. The curve does appear to be flattening here.  Fingers crossed we continue to isolate and don't slip back over the long weekend into bad habits.

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