The Red Deer Real Estate market has been quite dynamic this year. Not just dynamic but positive.
Highlights form the slide show above are:
- The decrease in New Listings coming ion the market. While there are no shortage of listings the number of new listings coming on has decreased from the previous year by 5%. There was 2,409 listing that come on the market in as of September 30th, 2011 compared to 2,296 this year.
- Sales Volume rebounded in September from August and YTD Red Deer residential MLS® sales volume is up 13% from 2011. (2011: 1,225 Sales YTD compared to 201: 1,388 YTD).
- More Balance in the Market with the Sales to New Listing Ratio improving from 49% in September 2011 to 62% in September of this year (2012). Year to_date the balance is also stronger with the Sales to New Listings ratio for 2012 at 60% compared to same time from 2011 YTD of 51%.
Bottom line. Red Deer real estate market is healthy and we are well into recovery form the down turn and would expect a modest price strenthening.
Your Friend in Real Estate,