As we say goodbye to 2015, we can’t help but look back in awe of the real estate market over the last year. Old records were broken and new norms for real estate developed. We saw a whopping 33.6% increase of residential sales, with the number of potential listings remaining low compared to the number of buyers chomping at the bit. A ratio of buyers to sellers like this makes it unusual to see buyers remain motivated – but the interest for buying stayed high, even through the holiday season.
Great potential remains for new listings in 2016, with the average condo and townhome pricing up by 14% over the previous December….read more