Weekly look at new listings and sales:

Weekly Stats # Listings # Sales
Oct. 06-Oct. 12 82 37
Oct. 13-Oct. 19 83 24
Oct. 20-Oct. 26 58 23
Oct. 27-Nov. 02 62 18
Nov.03-Nov.9 68 22
Nov.10-Nov.16 51 23

It looks like we're at a stable rate if the last few weeks are the indicators. The number of sales each week has been stable for the past 5 weeks. Looking at number of active listings and the sales rate we can see that there are 612 active listings in the city of Red Deer. Weekly sales have been around 24/week. If we were to not take a new listing we have enough listings to last us 26 weeks if the sales rate remains as is. In other words we have 6 months of listings built up. If you are selling this is extremely important. You can not be passive and sit back. If you are buying you are at the best point we have seen for some time. Interest rates are low with 5 year rates available at 5.5%, and tremendous selection and bargaining power.  It is important to note that the sales rate declines at this point in the year every year, and that the sales rate historically climbs in January through July.

If you would like to learn more about how these numbers affect you, feel free to call or email us at any time.

Your Friend in Real Estate,

Patrick Galesloot.

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