Bold Predictions for the Real Estate Market in the Final Months of 2024

The Hidden Upside

Are you curious about what's on the horizon for the real estate market? In this episode, I'm sharing my insights and predictions for October 2024, along with some valuable data from BMO's economic forecast.

We'll dive into the latest market trends, including new listings, active listings, and average sale prices across Durham. I'll break down the data by area and compare it to previous years, giving you a comprehensive view of the current market conditions.

Key Points You'll Learn:

• How the market is shifting towards buyers and what it means for both sellers and investors

• The relationship between listing prices and sales prices

• Average days on market and what it indicates about market activity

• Price trends across different areas in Durham

• The absorption rate and its impact on market dynamics

BMO's Economic Forecast

I'll share BMO's predictions for the coming quarters, including:

• Expected increases in existing home sales

• Projected price changes

• How these forecasts might affect your real estate decisions

Actionable Insights for Buyers and Sellers

Whether you're looking to buy or sell, I'll provide you with actionable insights based on the current data and future projections. You'll learn why this might be an opportune time for both buyers and sellers, and how to navigate the market effectively.

Remember, while we can't predict the future with certainty, understanding market trends and expert forecasts can help you make informed decisions.

Connect with Chris Shebib here: https://shebib.com/ https://www.facebook.com/shebib https://www.linkedin.com/in/chrisshebib/ https://twitter.com/chrisshebib https://www.youtube.com/channel/UCIP29W-Jnbi528FAGMhhSjg