Last week the talk of the office was smoke from the BC forest fires that took over the air quality on Thursday.
This was the scene in Red Deer as published in the Red Deer Advocate.
Fortunately my family and I were on vacation in the Okanagan and missed the smoke. So like you I am getting caught up on Red Deer real estate.
What happened last week?
Well the Chart above some what explains things. More of the same is the short answer. Red Deer real estate has been a strong buyer's market. With the number of new listings each week exceeding the number of sales. At the end of the day we've been experiencing high listing inventory numbers and sales volume that is down right slow. If you've been trying to sell your home you know this already. The number of buyers taking advantage of the low rates and unprecedented inventory (selection) has been quite low.
If sales volumes are comparable to numbers recorded in 1994 (which they are), what are you doing to stand out and increase your chances of success?
Your Friend in Real Estate,
Patrick on Twitter @pgalesloot