Real Estate Market In 2024: Housing sales value up 16% despite dip in volume; where is sector heading? – ET Now

The real estate market in 2024 has seen a significant increase in housing sales value, with a 16% rise despite a slight dip in volume. This has left many wondering where the sector is heading in the coming years.

Despite the decrease in volume, the rise in housing sales value indicates a strong demand for properties. This could be attributed to various factors such as low interest rates, increasing population, and growing economy.

Experts believe that the real estate sector is heading towards a steady growth trajectory in the future. The demand for housing is expected to remain strong, especially in urban areas where population growth is high. Additionally, with the rise in remote work and flexible schedules, more people are looking for homes that cater to their changing lifestyle needs.

It is important for investors and buyers to keep an eye on market trends and factors influencing the real estate sector. By staying informed and making informed decisions, they can take advantage of the opportunities presented by the growing housing market in 2024 and beyond.