Red Deer Real Estate Market June 2018

Posted by Patrick Galesloot on Tuesday, July 10th, 2018 at 2:42pm.

June Red Deer MLS Sales

June 2018 was not a stand out month compared to previous June's.  Sales were almost identical compared to last year.

Red Deer MLS® Residential Real Estate Sales By Price Range

How many showings clients are getting and inquiries on their home does vary by price range. The higher the price, the lower the demand, and as you can see above, some price ranges had little or no activity for Sales (Red Deer Residential MLS® Stats).  The most active price range was $300,000 - $350,000.

Sales by Property Type, Red Deer MLS® Residential Real Estate 

The sales numbers reported to the Central Alberta REALTORS® Association also highlight that Single Family Detached homes (House) in Red Deer remain the most popular.  Apartment style condos are not at the same level of demand as larger urban centers.

Supply and Demand for Red Deer MLS® Residential Real Estate

The preference for Single Family homes is also evident when comparing the demand (sales volume) to the supply (new listing inventory).  More houses were listed than other property types.  The ratio is still a buyers market, with many choices for buyers today.

Record Active Numbers of Listings in Red Deer

The disparity in the supply in demand starts to really become pronounced when we look at the overall supply of listing not just listings added.  Red Deer set a record for listing inventory with over 900 homes for sale on the local MLS®.

The question then on everyone's mind is, how long will it take to sell my home then?  The following graphic might shed some insight on that.  Following the sales volume, it should be no surprise that Single Family Detached also sell quicker.

The Average Days to Sell of Red Deer MLS® Residential Real Estate

 

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