Exciting News: Alberta Showings on the Rise!
Get ready, Alberta! Showings are booming following the July long weekend. Compared to last year, we're seeing a staggering 40% increase in showings for this time of year. And that's not all - compared to 2021, the number is up by an impressive 22%!
While sales activity in the province has dipped by 9.6% compared to last month, the decrease in listing inventory by 23.8% is the main culprit. But here's the takeaway: the surge in showings clearly demonstrates the demand for more listings. If we had more properties on the market, the sales volume would surely have increased.
If you've been considering listing, don't miss out on this opportunity - now is the perfect time to list your property in Alberta. Contact us today to take advantage of the high demand and maximize your sales potential.
Exciting news about CIR Realty's showings!
We've recently seen a surge in activity across all price ranges, except for the $300,000 - $400,000 and $800,000 - $900,000 range. In fact, last week had the third-highest percentage of showings to sales this year. On average, we convert 17.1% of showings into sales, but last week that number jumped to 21.6%. This means that the buyers currently shopping are extremely motivated, and the demand for properties is still going strong. Don't miss out on this opportunity!
We don't anticipate the summer slow down that normally comes as long as new listings keep coming to market. As previously discussed, we do not have an inventory shortage problem, we have a time on market problem so buyers need to be prepared to make quick decisions on homes that are properly priced.