It’s been beautiful month now that the cold snap is over. Spring is just around it’s corner so let’s have a look at what is happening in Central Alberta Real Estate.
CENTRAL ALBERTA STATS
The number of sales is consistent with the previous year except for Lacombe, Ponoka and Sylvan Lake, which all say increases. The months of inventory is in down for every community in Central Alberta. We are feeling the effects of that shortage because of the past couple of busy years in the real estate market. That shortage is also causing an increase in the whole market value of homes. With Spring just around the corner and interest rates staying level, we hope to see an increase of listings and anticipate the number of sales to stay consistent or increase.