Red Deer Real Estate Market Report in May
The May Red Deer real estate market recorded a substantive change in the overall sales-to-listings ratio compared to one year ago.
New listings coming to market in Red Deer measured 19.8% fewer than May, 2011, while sales recorded an increase over the same time last year by 15.1%.
In keeping with the busy April market, sales remained on par, with 198 Red Deer homes for sale changing hands. Compared to new listings in April, properties coming to market in May declined by 6.3%. The median sale price increased from $303,00 during April in the overall Red Deer real estate market, to $310,000 during May this year. Average days to sell in Red Deer recorded at 39.
In Anders, Inglewood, Lancaster and Vanier, new listings coming to market were 1.3% more than listings during April this year, and 15.7% increased over new listings offered one year ago. Sales in these communities were on par with April sales (55 properties in May), and were 19.6% higher than sales of May, 2011. The median sale price recorded at $338,500, 4.6% below April’s median and 4.0% lower than one year ago. Average numbers of days to sell was 31.
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