June home sales remain strong in Red Deer and Central Alberta.
It’s no news that home sales have been up in 2021 but who’d have guessed they would remain this strong this long? Because of the pandemic, everyone was surprised when numbers in 2020 were ahead of 2019 but sales have really grown this year.
Just halfway through the year, home sales in Red Deer are almost twice what they were in 2020. Currently, sales are up 97% and we are only 159 home sales away from beating 2020 numbers. We have to also understand that the high margin was helped along because of very low home sales in early 2020 when the pandemic started.
We will likely see the improvement percentage decrease a bit by the end of 2021 but I think activity will still outperform each month of 2021.
It’s been a weird year and the higher activity is difficult to attach an absolute reason to but I think the higher sales are good for our market.