The November 2009 housing market in Red Deer has been very similar to the October 2009 market, however the average sale price did slightly decrease.
The $300,000-$350,000 price range was the most active price range for November with 32 sales. Year to date, the $250,000-$300,000 price range has been the most active price range. We had a total of 114 sales in November in Red Deer which was higher than last years November sales, which were 85.
Our average sale price did decrease from last months $293,286 to $291,957. This was due to less high end sales this month in the $700,000 plus price ranges.
Our average days on market for November was 47 days.
So far this year we have had fewer houses on the market to date which is somewhat balancing off our market. Our list to sale ratio is 55% which is still a buyers market. A balanced market would be roughly a 67-68% list to sale ratio.
Approaching mid-December, we are slowing down for the Christmas season as usual. We're looking forward to seeing the December stats to be able to complete the year.
Check back in the beginning of January for my year end statistics.