September Market Update

The Red Deer Real Estate market has been quite dynamic this year.  Not just dynamic but positive.

Highlights form the slide show above are:

  • The decrease in New Listings coming ion the market.  While there are no shortage of listings the number of new listings coming on has decreased from the previous year by 5%.  There was 2,409 listing that come on the market in as of September 30th, 2011 compared to 2,296 this year.
  • Sales Volume rebounded in September from August and YTD Red Deer residential MLS® sales volume is up 13% from 2011.  (2011:  1,225 Sales YTD compared to 201: 1,388 YTD).
  • More Balance in the Market with the Sales to New Listing Ratio improving from 49% in September 2011 to 62% in September of this year (2012).  Year to_date the balance is also stronger with the Sales to New Listings ratio for 2012 at 60% compared to same time from 2011 YTD of 51%.

Bottom line.  Red Deer real estate market is healthy and we are well into recovery form the down turn and would expect a modest price strenthening.

Your Friend in Real Estate,

Patrick Galesloot


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