Home sales slip

Red Deer’s home resale market slipped in April, compared with the same period in 2012. Multiple Listing Service statistics issued by the Central Alberta Realtors Association on Thursday indicated that 175 homes were sold in the city last month, down 11 per cent from a year earlier.

Red Deer’s home resale market slipped in April, compared with the same period in 2012.

Multiple Listing Service statistics issued by the Central Alberta Realtors Association on Thursday indicated that 175 homes were sold in the city last month, down 11 per cent from a year earlier.

However, in the outlying region covered by the association, the April tally was 254, up three per cent.

April residential sales in Red Deer and the area outside the city were both up from March, when the number of residential deals were 167 and 191 respectively.

So far this year, MLS sales are down a little more than one per cent from the four-month total to start 2012. Outside the city, the year-over-year drop is just over six per cent.

The average selling price of a house in Red Deer last month was $309,569, down slightly from $312,094 in April 2012.

Elsewhere in Central Alberta, the average price for April was $255,911, up from $249,998 a year ago.

The Central Alberta Realtors Association has cautioned against relying on average prices as an indicator of market trends, because such figures include homes of all types and from a variety of neighbourhoods.

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