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.

 

 

Patrick Galesloot

Patrick Galesloot

Broker/Owner
CENTURY 21 Advantage
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