Weekly real estate market update Oct 24th – Oct 30th

eye on the red deer market

Good news – single family detached home listed are still balancing nicely with numbers sold! This, if it continues, will be a good adjustment to the inventory levels. However, condominiums listed greatly outnumbers condo sales

Hopefully if sellers are less “listing crazy” and plan instead to wait for the market to do better we’ll see a more balanced market. A balanced market will cause normal price increases which is healthy.  See Central Alberta ‘for sale’ inventory rates here. The more homes for sale (supply), combined with lower than average sales currently (demand), prices will decrease.

Read the full report at www.BlakeKing.ca – Weekly real estate market update Oct 24th – Oct 30th

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About the Author

Blake King
Having lived in Red Deer my entire life and having experience in many avenues of real estate I offer enormous value to my clients.