Mid-Month Market Update April, 2020

Sales in central Alberta in the first two weeks of April were down 33% compared to the first two weeks in March. Real estate sales always lag changes in the economy. The sales record in March were mostly the result of activity in January and February. The sales recorded in April are mostly the result of activity in February and march. It stands to reason that sales will be fewer as we move through the next few months while our economy is effectively shut down.

The number of active listings is lower than normal for this time of year and is obviously also a product of Covid-19. That does help the market stay closer to balance and will keep prices from falling too hard. The real estate market is certainly going to feel the pain of the reality we are dealing with, but it will survive. Housing will always be essential in Alberta.

The provincial government has designated our services as essential and we are still doing business. We are learning quickly how to do it in the new era of social distancing and virtual contract. We are now capable of virtual open houses, virtual client meetings and virtual signing. Those who need us can be assured that we are being careful to conduct our business, being respectful of our client’s health and well-being.

Mid-Month Market Update April 15, 2020

Sales in central Alberta in the first two weeks of April were down 33% compared to the first two weeks in March. Real estate sales always lag changes in the economy. The sales record in March were mostly the result of activity in January and February. The sales recorded in April are mostly the result of activity in February and march. It stands to reason that sales will be fewer as we move through the next few months while our economy is effectively shut down.

The number of active listings is lower than normal for this time of year and is obviously also a product of Covid-19. That does help the market stay closer to balance and will keep prices from falling too hard. The real estate market is certainly going to feel the pain of the reality we are dealing with, but it will survive. Housing will always be essential in Alberta.

The provincial government has designated our services as essential and we are still doing business. We are learning quickly how to do it in the new era of social distancing and virtual contract. We are now capable of virtual open houses, virtual client meetings and virtual signing. Those who need us can be assured that we are being careful to conduct our business, being respectful of our client’s health and well-being.

Mid-Month Market Update April 15, 2020

Sales in central Alberta in the first two weeks of April were down 33% compared to the first two weeks in March. Real estate sales always lag changes in the economy. The sales record in March were mostly the result of activity in January and February. The sales recorded in April are mostly the result of activity in February and march. It stands to reason that sales will be fewer as we move through the next few months while our economy is effectively shut down.

The number of active listings is lower than normal for this time of year and is obviously also a product of Covid-19. That does help the market stay closer to balance and will keep prices from falling too hard. The real estate market is certainly going to feel the pain of the reality we are dealing with, but it will survive. Housing will always be essential in Alberta.

The provincial government has designated our services as essential and we are still doing business. We are learning quickly how to do it in the new era of social distancing and virtual contract. We are now capable of virtual open houses, virtual client meetings and virtual signing. Those who need us can be assured that we are being careful to conduct our business, being respectful of our client’s health and well-being.

Mid-Month Market Update April 15, 2020

Sales in central Alberta in the first two weeks of April were down 33% compared to the first two weeks in March. Real estate sales always lag changes in the economy. The sales record in March were mostly the result of activity in January and February. The sales recorded in April are mostly the result of activity in February and march. It stands to reason that sales will be fewer as we move through the next few months while our economy is effectively shut down.

The number of active listings is lower than normal for this time of year and is obviously also a product of Covid-19. That does help the market stay closer to balance and will keep prices from falling too hard. The real estate market is certainly going to feel the pain of the reality we are dealing with, but it will survive. Housing will always be essential in Alberta.

The provincial government has designated our services as essential and we are still doing business. We are learning quickly how to do it in the new era of social distancing and virtual contract. We are now capable of virtual open houses, virtual client meetings and virtual signing. Those who need us can be assured that we are being careful to conduct our business, being respectful of our client’s health and well-being.

Mid-Month Market Update April 15, 2020

Sales in central Alberta in the first two weeks of April were down 33% compared to the first two weeks in March. Real estate sales always lag changes in the economy. The sales record in March were mostly the result of activity in January and February. The sales recorded in April are mostly the result of activity in February and march. It stands to reason that sales will be fewer as we move through the next few months while our economy is effectively shut down.

The number of active listings is lower than normal for this time of year and is obviously also a product of Covid-19. That does help the market stay closer to balance and will keep prices from falling too hard. The real estate market is certainly going to feel the pain of the reality we are dealing with, but it will survive. Housing will always be essential in Alberta.

The provincial government has designated our services as essential and we are still doing business. We are learning quickly how to do it in the new era of social distancing and virtual contract. We are now capable of virtual open houses, virtual client meetings and virtual signing. Those who need us can be assured that we are being careful to conduct our business, being respectful of our client’s health and well-being.