Home resale activity remains slightly behind pace set in 2012

Home resale activity in Central Alberta this year remains slightly behind the pace being set to the same point in 2012.

Home resale activity in Central Alberta this year remains slightly behind the pace being set to the same point in 2012.

After five months, 2,072 homes have been sold in Red Deer and 988 in the surrounding region, according to Multiple Listing Service statistics provided by the Central Alberta Realtors Association. The combined tally of 3,060 compares with 3,077 to the end of May last year, when 2,067 deals had closed in the city and 1,010 outside Red Deer.

The gap closed last month, when there were 589 MLS sales in Red Deer, up from 564 in May 2012; and 286 elsewhere in Central Alberta, as compared with 262 for the same period a year ago.

The average price in Red Deer last month was $334,912, versus $320,442 in May 2012. Outside the city, the average was $282,410, up from $252,817.

Average prices include homes of a variety of types and locations, which may vary from month to month. Accordingly, average prices may not be indicative of trends.

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