Showings are up in some surprising price ranges!!

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Hello Real Estate District,(Click here if you want to watch the video instead of reading) Well, it looks like 2025 is already keeping us on our toes! Just when you think you’ve got the market figured out, it throws a curveball—or in this case, a big boost in showings and some interesting trends. Let’s break it down!  Showings Heat Up:Showings are up 10% week over week, and get this—homes in the $900K to $1M range saw a 19% increase in showings! 🎉 The $700K to $900K range wasn’t far behind, with a solid 13% jump. It seems like buyers are starting to thaw out from the winter freeze and are ready to make some moves.
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Listings & Inventory:
  • New listings are on track to hit 3,217 for January, just a hair above the monthly average.
  • Total listing inventory is still only 75% of what we’d typically see this time of year.
  • The kicker? Terminated listings are up 24% year over year, and 12% of active listings have already had price reductions. 👀
Sales:Sales are pacing to hit average January numbers, but with tighter inventory and buyers being pickier than ever, it’s clear: pricing is the name of the game. Price your listings to compel, not repel—buyers are looking for value, and if it’s not priced right, it’s out of sight. 💸Takeaway:The market is warming up, but buyers are cautious and selective. Sellers need to understand that the right price isn’t just a number—it’s their ticket to action. Keep a close eye on competition, price strategically, and let’s set the tone for a winning 2025.
And remember, in this market, a well-priced listing is like a good joke: timing is everything! 😉
Happy Selling! ✨

Steve Phillips

Broker403.618.6984
1210 20 AVE SW T2G 1M8