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Did We Call It? Breaking Down 2024’s Real Estate Numbers | The Real Estate Podcast EP325
In this episode, Adrian Trott and Ariel Kormendy finally reveal the results of our 2024 real estate prediction contest! Last year, we asked our audience to predict the December 2024 average home price compared to 2023. With over 135 Instagram comments and a $100 Visa gift card on the line, the predictions ranged from bold to conservative—and some even outrageous.
We dive into the numbers, discuss the insights behind the market's behaviour, and analyze how various factors, such as neighbourhood specifics, market conditions, and interest rates, influenced the final outcome. Whether you're a buyer, seller, or just curious about the housing market, this episode is packed with valuable takeaways.
************************
0:16 - Intro
3:21 – The Real Estate Contest Setup: Discussing the 2024 prediction contest and $100 Visa gift card prize.
3:55 – Instagram Predictions: Reviewing audience comments and predictions, from -3.2% to +50%.
4:41 – Standout Predictions: Highlighting bold claims,
including a 50% increase prediction.
5:31 – Market Trends & Buyer Psychology: Analyzing why many people expect significant real estate growth.
8:16 – Breaking Down the Numbers: Examining
5:31 – Market Trends & Buyer Psychology: Analyzing why many people expect significant real estate growth.
8:16 – Breaking Down the Numbers: Examining
year-over-year changes for Halton and Peel regions.
10:36 – Interpreting the Data: Why averages can be misleading and the importance of market specifics.
12:16 – Fluctuations Throughout 2024: Exploring peaks and troughs in the market over the year.
15:05 – Rate Changes & Renewals: Discussing the impact of higher mortgage renewals despite rate decreases.
10:36 – Interpreting the Data: Why averages can be misleading and the importance of market specifics.
12:16 – Fluctuations Throughout 2024: Exploring peaks and troughs in the market over the year.
15:05 – Rate Changes & Renewals: Discussing the impact of higher mortgage renewals despite rate decreases.
17:59 – Outro/recap
************************
Want more real estate podcast discussions?
Watch it here: youtu.be/uLhNb8fdHt4
Listen to it here: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
Catch clips and highlights of the show here:
http://www.instagram.com/kormendytrott
************************
Our Social:
Instagram: http://www.instagram.com/kormendytrott
YouTube: www.youtube.com/user/kormendytrott
Facebook: http://www.facebook.com/kormendytrott
Twitter: http://www.twitter.com/KormendyTrott
Spotify: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
LinkedIn: http://www.linkedin.com/company/ktrealty
Pinterest: http://www.pinterest.ca/KormendyTrott
TikTok: http://www.tiktok.com/@kormendytrott?lang=en
************************
In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.
Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.
We’d appreciate it if you’d subscribe and follow us for behind-the-scenes footage, real estate tips, industry secrets, exclusive listings, The Real Estate Podcast, and more!
View all episodes
By The Real Estate PodcastIn this episode, Adrian Trott and Ariel Kormendy finally reveal the results of our 2024 real estate prediction contest! Last year, we asked our audience to predict the December 2024 average home price compared to 2023. With over 135 Instagram comments and a $100 Visa gift card on the line, the predictions ranged from bold to conservative—and some even outrageous.
We dive into the numbers, discuss the insights behind the market's behaviour, and analyze how various factors, such as neighbourhood specifics, market conditions, and interest rates, influenced the final outcome. Whether you're a buyer, seller, or just curious about the housing market, this episode is packed with valuable takeaways.
************************
0:16 - Intro
3:21 – The Real Estate Contest Setup: Discussing the 2024 prediction contest and $100 Visa gift card prize.
3:55 – Instagram Predictions: Reviewing audience comments and predictions, from -3.2% to +50%.
4:41 – Standout Predictions: Highlighting bold claims,
including a 50% increase prediction.
5:31 – Market Trends & Buyer Psychology: Analyzing why many people expect significant real estate growth.
8:16 – Breaking Down the Numbers: Examining
5:31 – Market Trends & Buyer Psychology: Analyzing why many people expect significant real estate growth.
8:16 – Breaking Down the Numbers: Examining
year-over-year changes for Halton and Peel regions.
10:36 – Interpreting the Data: Why averages can be misleading and the importance of market specifics.
12:16 – Fluctuations Throughout 2024: Exploring peaks and troughs in the market over the year.
15:05 – Rate Changes & Renewals: Discussing the impact of higher mortgage renewals despite rate decreases.
10:36 – Interpreting the Data: Why averages can be misleading and the importance of market specifics.
12:16 – Fluctuations Throughout 2024: Exploring peaks and troughs in the market over the year.
15:05 – Rate Changes & Renewals: Discussing the impact of higher mortgage renewals despite rate decreases.
17:59 – Outro/recap
************************
Want more real estate podcast discussions?
Watch it here: youtu.be/uLhNb8fdHt4
Listen to it here: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
Catch clips and highlights of the show here:
http://www.instagram.com/kormendytrott
************************
Our Social:
Instagram: http://www.instagram.com/kormendytrott
YouTube: www.youtube.com/user/kormendytrott
Facebook: http://www.facebook.com/kormendytrott
Twitter: http://www.twitter.com/KormendyTrott
Spotify: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
LinkedIn: http://www.linkedin.com/company/ktrealty
Pinterest: http://www.pinterest.ca/KormendyTrott
TikTok: http://www.tiktok.com/@kormendytrott?lang=en
************************
In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.
Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.
We’d appreciate it if you’d subscribe and follow us for behind-the-scenes footage, real estate tips, industry secrets, exclusive listings, The Real Estate Podcast, and more!
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