Blackfalds – a decent start to the summer market in Blackfalds with sales in the first two weeks of July on par with last month, and also even when compared to last year at the same time. It’s a continuation of the last couple of months when we’ve been seeing positive signs – higher sales and slower inventory growth. Sales do typically slow somewhat as we move into July but hopefully this good start is a sign of things to come.

The Blackfalds market has defied logic this year with year to date sales up slightly compared to last year, unlike any other central Alberta markets. The number of active listings is down from last month, but up a little when compared to last year at this time. In spite of very active new home construction over the last few years, the active listing count remains relatively stable when conventional wisdom would have expected it to skyrocket when the economy slowed.

Tags: Red Deer real estate market update