2022 Spring Market Update, May Edition
We are in a "Sellers" market for some property types and price ranges, while the rest of the market appears to be more balanced. So, contrary to headlines and rumours, not every home is flying off the shelf. Red Deer continues to be Single Family Detached market dominant. The translation: We sell more houses, and houses are the preferred or more popular style of housing. Townhouses, half-duplexes, and apartment condos all have their unique nuances within the market. ALL property types are seeing an improvement over previous years with the improved economy and real estate market.
The robust sales volume we saw in 2021 continues in 2022 and, in some cases, is even stronger. The months of inventory on hand (homes for sale) have decreased from 6 months of inventory in 2020 to 2 months in 2022. This is reflected in the ACTIVE listing numbers. At the end of April 2022, there were 455 active listings compared to 598 in 2020.
CENTURY 21 Advantage
INFO & SERVICES
CENTURY 21 Advantage
4807 50th Avenue, Unit 206, Red Deer, AB T4N4A5
(403) 346-0021
INFO & SERVICES
Independently Owned and Operated. ®/™ trademarks owned by Century 21 Real Estate LLC used under license or authorized sub-license. © 2020 Century 21 Canada Limited Partnership © 2020 Century 21 Canada Limited Partnership
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association. Not intended to solicit properties currently listed for sale or buyers under contract.
Century 21 Canada Limited Partnership currently has franchise opportunities available in select markets across Canada. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage operation. This e-mail message contains confidential information intended only for the use of the individual or entity named above. Any unauthorized use or disclosure is strictly prohibited. If you have received this communication in error please immediately delete the e-mail and either notify the sender at the above e-mail address or by telephone.
© 2024 MoxiWorks
