Found 2 blog entries tagged as real estate update.

The Market has continued to decelerate through July, but sales remain above the ten-year average for the month. The new listings coming to market have also slowed, but continue to outpace the sales so the total inventory levels are rising, helping bring the Province back into strong but balanced conditions.  Below, you can see in the activity through July that the lower inventory is selling at a much higher volume than the higher-priced inventory. This is due to rising interest rates and inflation, reducing purchasing power for buyers. Also notice that the lowest and highest price points are the markets that have moved into balanced months of inventory, but the year-to-date numbers have the markets between $300,000 - $700,000 in a seller's…

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The sales in October in Alberta had a jump of 22.1% over October 2019 with a total of 5,696 sales. This combined with the listing inventory dropping by 16.3% to 24,867 listings across the Province has helped keep the markets balanced with 4.37 months of supply.  The recent sales increase can be attributed to lowering inventory, low-interest rates, a decline in household spending and increased savings. All of the larger markets showed marked improvements year over year with the exception of Grande Prairie and Fort McMurray which both experienced slower months in sales.  That being said, even with the uptick in sales over recent months, it hasn't been enough to exceed sales of 2019 except in the case of Lethbridge. The year to date adjustment in…

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