Hey! Hey! Well, September's sales were too good to be true. October reflects how the rest of the year has gone in Real Estate. Lower sales, lower sale prices, longer days on market. It can be a tough one out there! ReMax is forecasting that 2020 we will see the real estate market turn around - that the average sale price may actually increase! Not by much, but hey, if we are in a balanced market it is best for everyone. Annual sales are still tallying higher then 2018s but depending on how November & Decemeber go, it could be pretty close to the same number of sales.
Even though sales are slower, there are still sales. That means people are still buying homes... which means homes are still selling. It is one of the best times to buy - quite a bit of inventory and prices havent been this low in about 10 years. That's going to wrap up October's market update. If you want to know more about what's going on in YOUR neighbourhood, give me a call!
Thinking about real estate? Don't worry, I've got you! As your Regina Real Estate Resource, whether you're thinking about buying, considering selling... or would like some plain old fashion advice... I am here + always happy to help!