Home sales in the Kootenay region experienced a slowdown in January following a strong finish to the previous year. The number of transactions decreased compared to the end of last year, indicating a more cautious start to 2024.
Market analysts note that this dip aligns with typical seasonal trends, as activity often slows during the winter months. Despite the slowdown, the overall market remains stable with steady interest from buyers and sellers.
**Why this matters**
Understanding the seasonal fluctuations in the Kootenay housing market helps buyers and sellers make informed decisions. A slower sales period can affect pricing, inventory levels, and negotiation dynamics, influencing the timing of real estate transactions.
Source: NewsData