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Market Stat Update:⁠ ⁠ Residential real estate sales for the month of March saw a slight uptick over February sales showing signs that the typically busy spring market has commenced in the region, reports the Association of Interior REALTORS¼.⁠ ⁠ “It is encouraging to see that in the month of March we saw a slight increase of sales, as well as an upswing⁠ of new listings compared to February, which is seasonally expected for the local real estate market as we head into the warmer spring months,” says the Association of Interior REALTORS¼ President Kim Heizmann, adding that “the spring fling seems to have been kick started which is great news for buyers and sellers, however new listings are still not coming on to market at the rate needed to meet demand.”⁠ ⁠ The benchmark price for homes in the Central Okanagan, North Okanagan, South Okanagan and⁠ Shuswap/Revelstoke regions double-digit percentage increases in year-over-year comparisons for another⁠ consecutive month across all home categories, with the greatest increase being for single-family homes in⁠ the South Okanagan. The benchmark price for single-family homes in the Central Okanagan recorded a 34% increase compared to March 2021 coming in at $1,129,000.⁠ ⁠ Contact us today, to find out more about the real estate market and how they can help you⁠ achieve your real estate goals.⁠ ⁠ Nathan, Natalie, Scott, Thomas⁠ @okanagangroup
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