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šŸ“Š Lloydminster Real Estate Market Update (Oct 14-20, 2024) šŸ“Š

šŸ“Š Lloydminster Real Estate Market Update (Oct 14-20, 2024) šŸ“Š

The Lloydminster real estate market is experiencing some changes this week, and itā€™s important to stay informed whether youā€™re buying or selling. Letā€™s take a quick look at the latest data for October 14-20, 2024:

ā€¢ šŸ” Active Listings: 149

ā€¢ šŸ” Average Sold Price: $273,008 (down from last week)

ā€¢ šŸ” Average Days on Market (DOM): 54 days

ā€¢ šŸ” Properties Sold: 13

ā€¢ šŸ” Pending Sales: 7

What Does This Mean?

The average sold price has dropped to $273,008, signaling a potential opportunity for buyers to get into the market while prices are a bit lower. Homes are sitting on the market for an average of 54 days, which means thereā€™s still some time for negotiations, but well-priced homes are moving.

With 149 active listings and 13 homes sold this week, thereā€™s movement, but sellers may need to adjust their strategies in this shifting market. If youā€™re thinking about selling, itā€™s important to be competitive with pricing and presentation to attract those motivated buyers.

Buyers:

Nowā€™s the time to act! With prices dropping, you might find a great deal, but donā€™t wait too longā€”well-priced homes are still selling.

Sellers:

Letā€™s talk strategy! Whether itā€™s pricing your home competitively or enhancing your listing to stand out, weā€™ll find the best approach to get your property sold.

Harpreet Christie, REALTORĀ®ļø/Owner

šŸ“ž 780-205-7653

šŸ“§ harpreet@bordercityrealestate.com

šŸŒ Harpreet Christie: Lloydminster AB REALTORĀ® - Call: 780-205-7653

Data is supplied by Pillar 9ā„¢ MLSĀ® System. Pillar 9ā„¢ is the owner of the copyright in its MLSĀ®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9ā„¢.
The trademarks MLSĀ®, Multiple Listing ServiceĀ® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.