Autumn Housing Market Outlook for 2024

As the summer housing market cools, autumn 2024 is expected to bring slight changes. Mortgage rates are anticipated to drop to around 6.3% by year’s end, which could boost buyer activity despite ongoing affordability challenges. The market may see a shift in dynamics as families relocate for the school year and prepare for the holiday season. While prices may stabilize, inventory shortages remain a concern, continuing to impact buyer and seller behaviour in the coming months.