A Balanced Market in May
Canmore and Banff Real Estate Markets have continued to stay strong. Last year we saw an increase in our active listing inventory from January through May of 36% and this year we have only seen an increase of 19%. Keep in mind that our inventory in January 2018 was quite low but we are finding that buyers in certain market segments are having to be more patient to find what they are looking for and when they do find it are having to move quickly to secure it.
The market as a whole does seem quite balanced as we continue to have buyers that are hesitant to overpay so we are seeing some tougher negotiations with some buyers willing to walk away.
Our sales data for April is a little skewed as the total includes 30 sales that actually took place in the few months previous (new construction sales). Without those listing our activity year over year for the month of April was down but with those additional sales and the dominating performance of year over year sales in March the market is showing great signs.
As always thank you for choosing me in your buying and selling and should you know of anyone else who may be interested in buying or selling please let me know as I am never too busy for your referrals!