by Jay McDouall
on Sunday, December 1st, 2019 at 6:58am.
November sales are up slightly from the same time in 2018, posting 13 more sales than November 2018. However, the number of YTD sales in Red Deer overall is lagging by 53 compared with last years YTD at this time. This isn't the best news if you're trying to sell, as more inventory means more competition, likely due to a number of re-listings & homes returning to the market that failed to sell.
Sales & overall buyer activity at the higher price points has been slow, especially over $600,000. Red Deer experienced just two sales in November, both being maturer homes (built in the 70's) & not of new build. We're starting to see a number of buyers scooping up the houses they've been watching throughout the fall. The busiest price range is trending between $250,000 to $300,000 in Red Deer with an overall average of 68 days to sell.