We discussed the growing confidence in the local market last month, and now we can see it in the market figures," "said Graden Sol, chair of the realestate British Columbia. "The rise in sales throughout the late winter confirms the restoration of customer confidence. As spring approaches—the biggest season for house sales—the market is seeing some favorable headwinds. In contrast to the record lows of the previous year, inventory levels are now beginning to rise, which is a positive development. Also, we're seeing stability at certain price points, and homes that are priced competitively are moving quickly."
Compared to former years, the market is different now," "Sol adds. "Buyer demand is high and supply is still limited, but there are possibilities for customers to purchase a new home in a less stressful atmosphere. In this slightly more relaxed market, most buyers will find they have more time to tour houses, make judgments, and do their due diligence. We are about to enter a new season, which is usually highly lively. The data in this report is an accurate reflection of last month. To learn about the most recent market circumstances and how to negotiate the best deal, prudent buyers and sellers will consult their realtor."
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