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In The News: Alberta Housing Inventory Levels Decline

Taylor Hack

Three years, from start of Taylor Hack’s real estate career to the Top5% of the Greater Edmonton Area marketplace and Top 2% of all RE/MAX Agents wo...

Three years, from start of Taylor Hack’s real estate career to the Top5% of the Greater Edmonton Area marketplace and Top 2% of all RE/MAX Agents wo...

Jan 15 2 minutes read

Calgary Sun: Housing Inventory Levels in Alberta Decline in 2019

  • Things started to shift in the Edmonton and Calgary housing markets this winter.

  • Sales have been consistent, but the supply of new listings coming to the market have declined. 
    • Edmontons rental market has improved, which means a lot of folks are choosing to rent out their extra properties instead of selling. 
    • Net migration has improved, which means there are more people to occupy the oversupply of houses that we have seen for the last little while. 
  • As the market continues to shift, we will see the Months of Inventory (currently at a 7.0) make a downturn towards 3.5. 
    • Year-over-year, we have seen about a 1.9 reduction in Months of Inventory in Edmonton. 
  • If you're selling to upgrade, you probably want to take a look at the market! As your resale value increases, so do the house's that you have your eye on. 
  • If you're looking to sell to downgrade, we are starting to turn in the right direction!
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