So Why RE/MAX and does it matter? We know that as a consumer you are constantly getting peppered by messaging that says "Pick Me" "Pick Me". It is hard sometimes to weed through all of the marketing
OUR Real Estate Market in 2023!
Dated: January 10 2023
Views: 208
So here we are! A week into 2023 and there is a lot to talk about. After 2 years of a crazy Real Estate market, things have started to shift and for some that can be difficult. The shift is difficult for Buyers, Seller and even Real Estate agents. But it is times like this where you need to find a trusted Real Estate Brokerage/Agent to give you accurate, timely information that will help you make good decisions for your family. So we have been operating locally since 1980 and nobody in Southern Alberta has helped as many families as we have! Our production and experience is unrivalled and we take great pride in giving good solid advice. So here we go.......
Although the number of transactions has decreased substantially over the last few months of the year, so has the supply of homes for sale. Our market really has showed strength by ending the year with a nice solid 7% increase in average home price. As we speak, the number of listings is fairly tight which is keeping pressure on re-sale home prices which is good news for Sellers. Of course the biggest reason for the decrease in transactions over the past several months is the change in the Buyers pool. The Buyers pool was impacted by rising interest rates over the back half of 2022 which softened the demand for homes. Having said that, we believe that although rates have gone up, when compared to historical rates, the current rates remain very affordable. The demand for home ownership is not going away and there will always be new Buyers coming into the market. We are confident that 2023 will provide very balanced conditions and give great opportunity to both Buyers and Sellers.
If you would like further information about the market or about your specific Real Estate situation, be sure to connect with one of our agents. It will be crucial that Buyers and Sellers put themselves in the best possible place to succeed by hiring a brokerage that is tried, tested and true. We look forward to having the opportunity
Dallas Harty
Dallas & Katrina have lived and worked in Lethbridge and area for the past 25 years. Over the years we were fortunate to lay deep roots in our community and create many long lasting relationships. We ....
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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