Red Deer Real Estate Market Report in June
Red Deer Real Estate in June
More sales and fewer listings this June keep the market moving on the upswing but more listings and fewer sales than May keep June 2012 prices on par with last year at this time. We see only a 1.8% increase in medium prices over last year and an 8.1% drop from last month.
New listings coming to market in Red Deer measured 21.7% fewer over June 2011, while month over month saw an 11.4% increase in listings with 234 new units being offered for sale.
Compared to May 2012, June 2012 saw a decline in sales of 5.1% which was quite substantially up over June 2011 by 16%. The medium sale price of homes this month over last recorded 8.1% lower but this underlies the upward trend in sale prices this year which shows June 2012 up 1.8% over the medium price of unit sales recorded from June 2011. The medium price of the units that sold in June 2012 was $285,000 compared to $310,000 from May 2012 and $280,000 from June 2011.
In Anders, Inglewood, Lancaster and Vanier, new listings coming to market were 7.4% fewer than listings during May this year, and a 15.4% increase over new listings offered one year ago. Sales in these communities were down 29.1% over April (39 properties in June), and were 4.9% fewer than sales of June, 2011. The median sale price recorded at $355,000, 4.9% above May’s median and 7.6% higher than one year ago. Average numbers of days to sell increased to 33 from 31.
Previous Red Deer Real Estate Market Reports: