The seasonal slow down is here....but not as slow

Dated: December 17 2022

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While week over week showings have dwindled these past few weeks, sales remain strong considering the time of year. 
 
The first two weeks of December resulted in the third best start to the month for total transactions over the past decade during the same time period. The active listing inventory levels continue to drop, but remain higher than years prior to 2017. Looking back at the months of inventory over the past ten years in Alberta, the average was 7.6 months of inventory in December. We are currently sitting slightly higher than that which suggests that the market is slowing down. 
 
With less showings occurring, we are seeing a higher percentage of showings result in a transaction which means serious buyers are still looking. 
 
All of that said, it appears the seasonal slowdown in December is upon us and we can anticipate that slow down to continue into the New Year
 
Alberta Showings
CIR Realty's Showings
If you are considering a move or just want to see where your home is in the current marketplace, contact me today for a confidential, one on one consultation.

John Kwong
CIR Realty
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John Kwong

As a veteran realtor with CIR Realty and member of Leading Real Estate Companies of the Worldâ„¢, my goal is to ensure that you have the best real estate experience possible. For those looking to sell....

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