Spring 2024 Market Trends

As we delve into Summer-like weather, the real estate market continues to navigate through a landscape shaped by emerging trends that challenge the norms of property buying, selling, and investing. The new capital gains tax rules – resulting in an increase in tax from 50% to 66% of capital gains over 250,000 – has families who own secondary residences considering their options and making best efforts at future estate planning. If this affects you, you should be in contact with your lawyer and accountant to learn how to best plan for this legislation.

Moreover, the real estate market in April 2024 is experiencing a change in the urban-to-suburban migration pattern. With the continued adoption of remote work policies by many companies, theres a continued preference for suburban/rural living, offering more spaces and a better quality of life, without the need to be as close to urban job centers.

View the local market trends below and contact [email protected] if you have any questions.