Again this month we are seeing are seeing a mixed bag of results in Central Alberta as far as Single Family Detached Homes are concerned, the listing Inventory in Red Deer -4.61%, Blackfalds -31.9% and Innisfail -5.17% have all had a decrease compared to November of 2018, Sylvan Lake remains the same and Lacombe has had an increase 26.44% Days on Market has decreased in Red Deer, Sylvan lake and Lacombe , while Innisfail and Blackfalds have both had an increase in days on market
In Red Deer there has been an increase in sales of 18.52% and Innisfail with an Increase of 25% while Sylvan lake had a decline of 38.46 % Blackfalds 33.33% Lacombe 25%
November has followed suit with last month, the listing to sale ratio has increased over this time last year. Except for Sylvan Lake.
As we can see now that the election has passed days on market has returned and followed trends that the rest of the year had reported, this being that days on market has been on the decline most of the year. Now is still a great time to buy, housing prices at their lowest in years however, please watch the interest rates as they have had two increases in the last month.
As always, if you are seller we are in a highly competitive Market, it is in your best interest to bring on and Agent who knows and understands the market and its current trends with the ability to maximize the return on your investment.
If you would like a more in depth look at your community or any other information, please contact me anytime. For those of you that read these reports what information would you like to see more of?
Your Monthly Central Alberta Real Estate Market Update