January Weekly Real Estate Update
January weekly numbers so far for Red Deer MLS® real estate:
|
.
|
Week Ending |
1/3/2010
|
1/10/2010
|
1/17/2010
|
1/24/2010
|
Change From Last Week
|
|
.
|
New Listings |
18 |
68 |
49 |
60 |
11 |
|
.
|
New Sales |
15 |
20 |
19 |
16 |
-3 |
|
.
|
Off Market |
48 |
20 |
30 |
23 |
-7 |
|
.
|
Total Inventory Level
|
416 |
444 |
444 |
474 |
30 |
|
Is January setting the tone for Red Deer real estate in 2010?
Jan 1 - Jan 24th
|
2010 |
2009
|
Change
|
New Listings YTD
|
186 |
196 |
-10 |
| Sales |
60 |
42 |
+18 |
This are looking up if they are. Listing inventory is down and the new listings added are down 5% while sales are up 43%! This is great news for those selling today. With number like that we are seeing a strengthening of the real estate market. Pressure on price should ease up and reports from our agents are they are running into multiple or competing offers more often. Buyers, if you are still on the fence, reminder that interest rates are being held by the Bank of Canada until June after that who knows your cost of home ownership could very well be on the rise.
Your Friend in Real Estate,
Patrick Galesloot
@pgalesloot on Twitter.
Posted by Patrick Galesloot
on January 25, 2010