2012 real estate activity has been more robust. Each week we've been looking at the numbers and making sure our team is up to speed with the dynamics that are happening out there for our clients. This is what we're seeing:
Weekly listing inventory is remaining quite consistent as is the sales volume. SO what we haven't seen is a large accumulation of listings. It has been more balanced with the number of new listings coming on the market and the sales activity. The following are statistics taken from the Central Alberta REALTORS® Association for the City of Red Deer.
The "surplus" or carryover of listing inventory the the difference between the blue and red lines. Basically that shows you the number of properties in Red Deer that are not selling each week. As the market gets stronger those two lines get closer together and in a heated or super heated markeyt they meet consistently and perhaps the sales out number the listings. The trend has been that the sales have been growing, indicating a stronger market.
The above shows us how we compare to a year go with MLS® sales in Red Deer. Over all more sales is an indicator of a stronger economy and real estate market. Less "spikey" also indicates there is stability and confidence in our market.
Going forward it would appear that buyers can proceed with added assurance that they are buying at a time where their investment will not decline, and sellers can sell with more confidence that their efforts will result in a success.