Sales in the first two weeks of August were up compared to the same time in July in half our markets and down in the other half.  Active listing counts are also up in some markets and down in others.  There are certainly signs that the market may be improving, but it will likely be a slow process and it’s unlikely there will be any price stability until supply and demand move closer to balance.  I expect that will happen by next spring as long as oil prices stay stable.

Tags: Red Deer real estate market update