Prices were edging very low at the end of 2018 after a not-so-good year as far as growth goes in the Central Alberta real estate market.
All of 2018 was essentially a flat market but it was looking scary when prices continued to drop each month from June to December.
Will prices continue to drop in 2019? There’s no way to be completely certain, however, with the bad news from 2018 gradually working its way into the background January’s rebound might indicate where the market’s heading. Look closer at the data above you’ll see the 4-month average having increased after January and the 12-month average
If prices do climb a bit in 2019 it’ll help homeowners who haven’t seen equity much in the last decade, and essentially be good for the market. But price increases will take more buyers entering the market this year. If you’re one of those buyers waiting to buy once prices hit rock bottom, it’s a smart time to takes a very close look at what’s happening.