Sales in the first half of July in central Alberta were up slightly over June, and might be a sign of growing optimism that the economy is slowly turning the corner. That optimism may also be reflected in the increase in the active listing count after several months of decline.
Sellers entering the market thinking that prices have recovered will be disappointed. Price is determined by the relationship between supply and demand and there are still far more sellers in the central Alberta market than buyers. Yes, there is room for optimism, but at the current pace of the real estate market we are still many months away from prices going up.
