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Central Alberta Real Estate Market Update For December 2023.

Table of Contents

Introduction.

Let’s have a look at the number of sales, months of inventory, days of market and the average house prices for major communities in Central Alberta.

Blackfalds

Innisfail

Ponoka

Red Deer

Rimbey

Sylvan Lake

Rocky Mountain House

Penhold

Lacombe

Analysis

After reviewing the stats of the major centres in central Alberta, we are seeing an increase in sales compared to last year when interest rates were still on the rise. We are seeing a shortage of inventory because of the busy post-Covid market with interest rates, levelling off and projected to stay consistent or decrease, we are anticipating sales will stay consistent and begin to decrease later in the Spring. We are still in a seller market in Central Alberta because of the shortage of inventory, but we will hopefully see an increase in inventory with the market stabilizing and the busy spring market just around the corner.

Red Deer Realtor - Tyler Wall with Coldwell Banker

I'd Love To Be Your Realtor!

One of my most fundamental values is that people are cared for. Everyone one of us has incredible value and importance. It is my number one priority to help my clients utilize real estate to accomplish their bigger goals for their lives. Whether your dreams are to find home where you can make memories with the people most important to you, selling your current property to the right buyer for the right price, or finding just the right property to build your dream business, I am committed to helping you reach the goals and dreams you have for your life through real estate. When it comes to Real Estate, your dreams are important to me and I consider it an absolute honour to help you find not just a property, but the place that will help your dreams for your life become a reality. If you need to contact a Real Estate Agent in Central Alberta, contact me! If you are just browsing, you can find homes for sale in Central Alberta through my listing IDX. . 

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