Thursday, January 21, 2010
2009 Year End Market Report - Red Deer Real Estate
by Rebecca Benedict on Thu, Jan, 21, 2010 06:08 PM
The graph below depicts market trends as they unfolded from 2006 through to the end of December 2009. Each set of bars represent one month and the dates below refers to quarterly calendar points in each year.
The price fluctuations throughout 2009 don't so much represent value of properties bouncing up and down as it demonstrates the variation of demand different property ranges experienced from month to month. Overall the market finished up and solid in the last half of 2009 compared to the last half of 2008.
Using past data to predict future trends is a fools game but I suspect the graph we see next year will look smoother regardless of how much real estate values change.
Red bars represent the number of sales each month, yellow bars represent listings coming to market during the month, and the purple line represents the median sale price. An equal number of properties sold below and above the median sale price each month.
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