Home sales in the Kootenay region slowed down in January following a strong finish to the previous year. The number of transactions decreased compared to the final months of the past year, indicating a cooling in market activity.
Despite the slowdown, market analysts note that this pattern is typical for the start of the year and does not necessarily signal a long-term trend. Buyers and sellers are expected to adjust as the year progresses.
**Why this matters**
Understanding the seasonal fluctuations in the Kootenay housing market helps buyers, sellers, and investors make informed decisions. A slower sales pace in January may offer more opportunities for negotiation and less competition compared to peak periods.
Source: NewsData