The local real estate months of inventory or (M.O.I.) rate could be the most important real estate data to impact your real estate buying and selling decisions… and it’s important to understand why.
With such low inventory this fall we could see prices continue to nudge upward through the slower part of the real estate market cycle. It’s either a balanced market or a seller’s market through Central Alberta for detached homes right now. It’s still a great time to sell even in the smaller towns. If you want to do your best by earning the highest price and saving the most money call or text Blake King Realtor® at (403) 350-7672!
If you need to discuss any real estate news in addition to months of inventory or the critical approach required to maximize your home sale while saving money in 2021 call Blake King with Big Earth Realty (403) 350-7672.
Here’s an affordable way to sell your home while ensuring you also receive full service and a powerful marketing system. BigEarth.ca Realty
To encourage normal growth we need months of inventory or M.O.I. rates below the 5-month range. Scroll down for this month’s inventory rates through Central Alberta.
When buying or selling property take into consideration the local inventory stats. It’s the most important real estate news especially if you’re planning to sell your home. When months of inventory levels are high prices stay flat or decrease. When inventory levels are low homes will sell faster and prices will increase.
(Seller’s market) with inventory rate below 3.9 months!
(Balanced market) with inventory between (3.9-4.3 months m.o.i.)
(Level 2 ) steep buyers market (4.3 – 5.9 months m.o.i.)
(Level 3) advanced buyers market (6 – 7.2 months m.o.i.)
(Level 4) extreme buyers market (7.3+ months m.o.i.)
Below are “single-family detached” for sale inventory levels in Red Deer and towns through Central Alberta. The “average # of homes selling ea. month” is calculated using the last 60 day sales.
Dec 13 2020, Jan 18, Feb 16, Mar 15, April 19, May 27, June 15, July 13, Aug 31, Sept 13, Oct 9, 2021 – click the link above for previous months m.o.i. numbers.
properties currently for sale – 297/262/273/276/315/336/348/400/402/407/368
avg # of homes selling ea. month – 84/63/67/99/129/155/155/140/109.5/111/123
M.O.I. currently for sale in Red Deer – 3.5/4.2/4.1/2.8/2.4/2.2/2.3/2.9/3.7/3.7/2.9 m.o.i.
- (SELLER’S MARKET) with inventory rate below 3.9 months!