Red Deer Real Estate, week ending May 24, 2009

Last week in real estate was a busy week. Sales increased, pending sales increased, and new listings slowed down just a bit. It ads up to a good week.

Overall sales numbers continue the April trend that saw us mirror the sales results of 2006. With interest rates continued to be fore-casted at record lows, and oil prices steadily climbing, the so called spring fling market blip is turning out to be a trend. A lot has to happen in order for us to be come a full fledged balanced market but the seeds are there, and the mood is right.

Your Friend in Real Estate,
Patrick Galesloot.

 

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