This Alberta market continues to defy logic

The Red Deer, AB market continued to defy the logic in March with sales that almost matched last year's despite the falling price of oil.

New MLS figures also signal a very good April, with a large number of sales pending and strong viewing activity.

There were 469 active listings in March 2015, and 154 sales. This is compared to 372 active listings and 159 sales in March 2014.

According to Re/Max's Red Deer Market Update, the one slight concern is the growing number of active listings which are well above last year's figures. 

However, it did admit that high inventory levels are good news for buyers and will keep prices in check this spring.

To find out more details about hot neighbourhoods, cities and regions across Canada, check out CREW's free online investment hotspot tool.


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