Weekly Market Update – Week 50

Jared Chamberlain — Wed, 17 Dec 2008 08:24:14 +0000

As we head into the Christmas season, and the focus changes to family time, and holidays, we will see a further reduction in listings, and sales. Over one month, we are down 80 sales per week from 253 during the week of November 17, 2008 to this week at 173. Even further back we are down 143 sales per week from the week of October 14, 2008 at 316 sales.

We will most likely see the number of listings drop a bit further, but will pick up again middle to end of January. There still will be sales happening, but in most cases you will feel the slow down, which is typical this time of the year.

The properties that are selling right now are the ones that are priced well, show well and are willing to negotiate when the offer comes in. If you are fortunate to have an offer in this market, it is worth a serious look at, and consideration.

The Calgary Real Estate Blog » Week 50

Weekly Market Update – Week 50