Stronger Buyers Market Or Spring Bump?

May "For Sale" signs are popping up faster than dandelions out there right now.

Our present number of active listings in Red Deer is 741 with 44 of those showing as conditional or pending.  That's close to one hundred more listings on the market than 2009 where we had 659 for the same time frame. 

Does this 12% increase in listings yield a similar increase in sales for Red Deer?

No it hasn't.  Sales volumes have been relatively stable though.  Last week there were 31 sales reported compared to 35 in 2009 for the same week.

As you know we can see some trends on a daily basis but the monthly and yearly numbers tell the storey more so.

January 1 - May 16th
2009 2010
New Listings 1316 1364
Sales 578 558
List Sell % 43.92% 40.91%
MLS® Stats for the City of Red Deer only, from the Central Alberta REALTORS® Association

Talk to your REALTOR® about the market and make an informed decision regarding your move. 

Your Friend in Real Estate,

Patrick Galesloot

I tweeted this out on Twitter, you can check me out there @pgalesloot

 

 

January 1 - May 16th 2009 2010

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New Listings 1316 1364

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Sales 578 558

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List Sell % 43.92% 40.91%

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