Bring on fall! This is an exciting Market Report to bring to you this month, as there were some very positive numbers across several metrics.

First off, the number of transactions in Southern Alberta was up 14%, which means the market was busy. Some other positive numbers include average house price, which have seen a 9% jump; and also the number of listings has softened up, which is helpful as the market looks to get back into a more balanced stated.

West Lethbridge was the busiest for sales, followed by the North side and the South side reporting the least amount of transactions. For out of town areas it was Taber that showed the most sales in October followed close behind by the town of Coaldale.

“Based on Octobers numbers, the market is preforming as we expected with strong sales activity and a move towards better balance. Having said that, the market still favours the Buyer and continues to offer great opportunity for those looking to Buy. Over the past week, the BOC left the key lending rates unchanged, which means mortgage rates continue to be VERY attractive and remain at historical lows.”

RE/MAX continues to lead the way in Lethbridge and surrounding area for buyer sales, listing sales as well as overall number of listings. After 10 months of transactions, more people have chosen RE/MAX and their agents to buy or sell their property.

RE/MAX is the #1 Brand of Real Estate and has the expertise to guide you through the process to maximize your investments. Call 327-2221 or text 403-635-8888 or click www.realestatealberta.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.