The Central Alberta real estate market moves into 2020 in typical January fashion with lower inventory levels and slower sales than December. The good news is that the first two weeks of January 2020 were quite a bit busier than the first two weeks of January 2019 in spite of some very cold temperatures that probably delayed both sellers and buyers from entering the market.
The new decade is off to a good start with some encouraging economic news. Significant progress has been made on three pipelines that will bring jobs and renewed confidence in our economy, a key factor in the health of our community and province. Confidence changes the way we view things and creates new opportunities all on its own.
Our prediction for the central Alberta real estate market in 2020 is slightly more sales with similar or slightly higher inventory levels. A busier market will encourage more sellers to participate which will maintain the supply and demand balance we’ve experienced over the past year. Hopefully the relationship between supply and demand this year will move closer to balance and keep prices stable.
