November’s national benchmark price was almost $220,000 higher than it was before the pandemic. Meanwhile, November’s sales just missed the record set last year for the same month. With looming interest rate increases and continued supply shortages heading into 2022, sales are forecast to moderate somewhat next year.

Are you looking to buy or sell property? If you’d like, we can have a real estate expert show you the most efficient process that saves you thousands of dollars, a lot of time, with little or no inconvenience to you. Contact us today!

Source: CREA