The past year on the local real estate front was “absolutely not the status quo.”
That’s the word from Peterborough and the Kawarthas Association of Realtors president Karen Kidd, who says the “frenzy” of 2022’s early months gave way to a more challenging market. Kidd says, for realtors, that wasn’t a surprise.
Audio PlayerKidd says by the latter months of 2002, things were “vastly different” from what was experienced earlier on in the year.
Audio PlayerReal estate purchases, adds Kidd, slowed in the latter half of the year due to high interest rates and inflation but there are signs of a bounce back.
Audio PlayerLooking at 2023, Kidd sees more stability as interest rates drop and inflation eases, giving buyers and sellers more confidence,
(Written by: Paul Rellinger)
