Welcome back to another Market Minute for Red Deer, Alberta! Whether you're buying, selling, or simply watching the market, this month’s stats offer some important insight into where things are heading. Let’s dive in.
Home Prices Continue to Climb 📈
The biggest headline this month? Prices are up—way up. The average selling price in Red Deer has jumped nearly 20% year over year, now sitting at $420,000. Despite a small dip in the number of homes sold (149 this year vs. 156 last year), the value of homes continues to rise. This tells us that buyer demand is still strong, even as affordability begins to weigh more heavily on decision-making.
Inventory is Tight, and Homes Are Moving Fast 🏃♀️
Active listings are down 14% compared to this time last year, and the months of inventory has dropped to just 1.5 months. This means homes are selling faster, and buyers have fewer options to choose from. It’s still very much a seller’s market, but that doesn’t mean every home will sell instantly or at top dollar.
Pricing + Presentation = Success
Sellers, this is your window. With less competition and continued demand, well-priced, well-presented homes are moving quickly. But buyers are feeling the pinch of higher costs, so condition matters. Deferred maintenance, incomplete DIY projects, or homes that don’t show well can lead to longer days on market—or even no offers at all. Don’t let that happen to you.
Buyers: Don’t Wait It Out ⏳
Economic uncertainty and inflationary pressures may be giving some buyers pause, but for others, these are exactly the reasons to jump in now. As inventory tightens and prices rise, waiting could cost more in the long run. If you're planning to buy, focus on what you can afford today and be ready to move when the right home hits the market.
Final Thoughts
Whether you're buying or selling, strategy matters more than ever. If you want to make a smart move in this fast-paced market, let’s talk. I can help you navigate the trends, price your home correctly, or get prepared to buy with confidence.
Stay tuned for next week’s Market Minute!
– Roxann Klepper
Your Real Estate Partner in Red Deer & Central Alberta
Home Prices Continue to Climb 📈
The biggest headline this month? Prices are up—way up. The average selling price in Red Deer has jumped nearly 20% year over year, now sitting at $420,000. Despite a small dip in the number of homes sold (149 this year vs. 156 last year), the value of homes continues to rise. This tells us that buyer demand is still strong, even as affordability begins to weigh more heavily on decision-making.
Inventory is Tight, and Homes Are Moving Fast 🏃♀️
Active listings are down 14% compared to this time last year, and the months of inventory has dropped to just 1.5 months. This means homes are selling faster, and buyers have fewer options to choose from. It’s still very much a seller’s market, but that doesn’t mean every home will sell instantly or at top dollar.
Pricing + Presentation = Success
Sellers, this is your window. With less competition and continued demand, well-priced, well-presented homes are moving quickly. But buyers are feeling the pinch of higher costs, so condition matters. Deferred maintenance, incomplete DIY projects, or homes that don’t show well can lead to longer days on market—or even no offers at all. Don’t let that happen to you.
Buyers: Don’t Wait It Out ⏳
Economic uncertainty and inflationary pressures may be giving some buyers pause, but for others, these are exactly the reasons to jump in now. As inventory tightens and prices rise, waiting could cost more in the long run. If you're planning to buy, focus on what you can afford today and be ready to move when the right home hits the market.
Final Thoughts
Whether you're buying or selling, strategy matters more than ever. If you want to make a smart move in this fast-paced market, let’s talk. I can help you navigate the trends, price your home correctly, or get prepared to buy with confidence.
Stay tuned for next week’s Market Minute!
– Roxann Klepper
Your Real Estate Partner in Red Deer & Central Alberta