Monthly Housing Stats (Crossfield AB)
High inventory and price declines seem to be the new norm. Ensuring your property is show ready, clean and priced for the market are key in getting it moved. Even with this, sellers can expect days on market to be higher in a buyers market. So patience is key.
'Price declines and relatively slow sales activity are impacting the number of new listings. For the second consecutive month, new listings eased compared to last year’s levels and long-term trends, but it was not enough to prevent inventory growth.' “If new listings continue to slow compared to sales, it could start to help with the persistent oversupply scenario weighing on our housing market,” said CREB® chief economist Ann-Marie Lurie. “However, inventory is still high. It will still take time for our market to transition towards more balanced conditions and stable pricing.”
Product is still selling. So reach out for a home evaluation to see if now might be the right time for you.
Diandra Johnson | 403.660.8608 | firstname.lastname@example.org