Housing activity continues to move away from the extreme sellers’ market conditions experienced throughout the spring. Easing sales, combined with gains in supply, pushed the months of supply above two months in August, a level not seen since the end of 2022.
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In part 1 we established that standards must be upheld, and we all have a role to play. Practice standards must be fair, practical and consistently sustained.
Every professional real estate agent knows the importance of maintaining market order and the confidence of the public.
We were very surprised to learn last year that the AREA board of directors has adopted the concept of member choice in services they receive from their local board and AREA. There have never been any conversations about this idea, certainly during last year’s attempted merger with AREA or any time before or since.
We are thrilled to announce that renovations are complete, CREB® Campus is open for business, and CREB® employees have moved back in!
With the busy spring market behind us, we are starting to see some shifts in supply levels. With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66 per cent, supporting a gain in inventory.
Thank you to everyone who joined us for the Boots, Buckles and BBQ Stampede event last week. We sure had a blast celebrating the Greatest Outdoor Show on Earth. A big shout out to our volunteers, sponsors and you for making it possible!
