The quarterly review revealed several interesting facts about the Red Deer Real Estate market when compared to last year.
 

April to June this year brought increased residential home sales reflecting the typical trend year to year, with a slight decrease from March to April and then a sharp spike into May, remaining stable through June between 170 and 180 homes sold, higher than the same period in 2010 which recorded a range of 130-150. Overall inventory numbers for Urban Residential listings have remained lower than last year's settling around 625, as opposed to 700 in 2010. The gap between listings and sales has narrowed as well when compared to the previous year, reflecting a market moving toward balance between buyers and sellers. Average days on market for April - June steadily decreased from 52 to 41, with median price of homes sold peaking to $325,000 in May and settling at $314,000 in June.

All in all the market in Red Deer continues to be active, reflecting the improved economic conditions in our community. Market position is the key to a successful transaction, whether for our buyers or sellers. Make sure you know the facts from your agent, that they know the market conditions, so that you too can have a positive outcome in today's real estate market.