Sure thing, here we go:
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So, first quarter of 2025, right? And the sales? Oh boy, they were rolling. Talking about primary sales, a whopping 3,375 units found new owners. I guess folks were really into the new launches – six of them, if I’m not mistaken. People sure know what they like, or get wooed easily. Not sure which.
Then you got the secondary sales, clocking in at 3,886. Seems like people were all about those new projects. Fresh paint, that “new house” smell, maybe?
Now, adding it all up, private residential transactions hit 7,261 units. You know, even with a teeny 2.3% dip from the last quarter of 2024, which was apparently a wild one since it was the busiest since the end of ’21. Go figure.
Oh, I saw some graph too, but it was one of those images with a bunch of numbers and lines. Cool to look at if you like that sort of thing.
Looking forward, there’s some big talk from CBRE. They’re optimistic, saying we might see between 7,000 and 8,000 new home sales next year, in 2025. Why? Maybe because interest rates are dropping or because they’ve got a bunch of launches planned. Or is it both? I forget.
By the way, private residential prices – they inched up by 0.8% in the first quarter. Better than last time, which was a pretty decent 2.3% jump. Maybe prices just wanted a breather? Who can say.
There was another graph for this too, all about price indexes and comparisons or something. Helps you visualize things, I suppose.
And… yeah, that’s about the gist of it. A mixed bag of steady sales, slightly rising prices, and a dash of cautious optimism. Typical market stuff, right?
