Wow, what a start to 2021! February was truly an incredible month. We had a continuation of declining inventory and strong sales which has resulted in Sellers market conditions.

So across Southern Alberta sales transactions for Feb were up over 40% when compared with February of 2020! Of course this amount of activity and declining inventory has pushed pricing up and had the average house increase 8%.

In the city, sales transactions were up a staggering 49% and also showed declining inventory. Along with a 49% increase in sales, there was 25% less inventory available which pushed the “absorption rate” to 27% which is heavy Sellers Market territory.

RE/MAX Owner Dallas Harty says, “We want to congratulate all of our RE/MAX Realtors as they once again, lead the market in Southern Alberta for both Buyers and Sellers! More sellers than ever in January and February have used RE/MAX to get their home SOLD! It is times like this with the market changing, that you need a FULL TIME, experienced agent to make sure you are getting the most for your home and that it is priced and marketed correctly!”

Reach out for a no obligation consult and market evaluation and let us help you get MORE!  You can call Re/Max Real Estate Lethbridge today 327-2221 or text us at 403-635-8888 or click www.realestatelethbridge.remax.ca or www.realestatetaber.remax.ca

This monthly Real Estate Market Report analyzes Southwestern Alberta real estate, more specifically the Lethbridge area. Keep in mind that the information does not indicate the actual value of any particular property. Find out what your home may be worth in today’s market, contact one of RE/MAX Real Estate – Lethbridge’s talented agents by clicking here or for the Taber area click here.