Home sales ‘surged’ in April as buyers came off the sidelines
“surged” up 11.3 per cent from March, following a trend that’s seen activity in the housing market pick back up since the start of 2023.put a chill on buyers and sellers alike. Last month’s sales activity remained nearly 20 per cent below April 2022, however, when the housing market was still riding pandemic-era highs tied to low rates.
“With interest rates at a top, and home prices at a bottom, it wasn’t all that surprising to see buyers jumping off the sidelines and back into the market in April,” said CREA senior economist Shaun Cathcart in a statement.But these buyers are seemingly snapping up the few properties available on the market without letting supply build, CREA said.
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