Blackfalds Market Update February 1, 2020

Sales in January 2020 were off slightly compared to December which is normal.  The cold weather in the first two weeks almost certainly put a damper on all but the most serious buyers.  While sales were off, listing inventories also were down, but not enough to move the sales to listing ratio even close to a balanced market.

A low sales to listing ratio means there are more sellers than buyers.  In that situation, prices will continue to languish and buyers will have the advantage.  Buyers will typically select a home that offers the most value for the price.  When less than one out of ten available homes are selling in most central Alberta markets, it is imperative that sellers who want to move price their homes accordingly.

Albertans have always known that if we wait awhile, the market will come back with a vengeance.  It’s been five years now and we are still waiting.  Realistically we may never see the boom times again.  We do believe the market will improve, but the improvement will be gradual and it may take another two or three years before we see a balanced market.  In the meantime, we have to deal with today’s reality and make the best of what we have to work with. 

Clearwater County Market Update – February 1, 2020

Sales in January 2020 were off slightly compared to December which is normal.  The cold weather in the first two weeks almost certainly put a damper on all but the most serious buyers.  While sales were off, listing inventories also were down, but not enough to move the sales to listing ratio even close to a balanced market.

A low sales to listing ratio means there are more sellers than buyers.  In that situation, prices will continue to languish and buyers will have the advantage.  Buyers will typically select a home that offers the most value for the price.  When less than one out of ten available homes are selling in most central Alberta markets, it is imperative that sellers who want to move price their homes accordingly.

Albertans have always known that if we wait awhile, the market will come back with a vengeance.  It’s been five years now and we are still waiting.  Realistically we may never see the boom times again.  We do believe the market will improve, but the improvement will be gradual and it may take another two or three years before we see a balanced market.  In the meantime, we have to deal with today’s reality and make the best of what we have to work with. 

Rocky Mountain House Market Update – February 1, 2020

Sales in January 2020 were off slightly compared to December which is normal.  The cold weather in the first two weeks almost certainly put a damper on all but the most serious buyers.  While sales were off, listing inventories also were down, but not enough to move the sales to listing ratio even close to a balanced market.

A low sales to listing ratio means there are more sellers than buyers.  In that situation, prices will continue to languish and buyers will have the advantage.  Buyers will typically select a home that offers the most value for the price.  When less than one out of ten available homes are selling in most central Alberta markets, it is imperative that sellers who want to move price their homes accordingly.

Albertans have always known that if we wait awhile, the market will come back with a vengeance.  It’s been five years now and we are still waiting.  Realistically we may never see the boom times again.  We do believe the market will improve, but the improvement will be gradual and it may take another two or three years before we see a balanced market.  In the meantime, we have to deal with today’s reality and make the best of what we have to work with.