The Lloydminster real estate market is experiencing some changes this week, and itās important to stay informed whether youāre buying or selling. Letās take a quick look at the latest data for October 14-20, 2024:
ā¢ š” Active Listings: 149
ā¢ š” Average Sold Price: $273,008 (down from last week)
ā¢ š” Average Days on Market (DOM): 54 days
ā¢ š” Properties Sold: 13
ā¢ š” 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 thereās still some time for negotiations, but well-priced homes are moving.
With 149 active listings and 13 homes sold this week, thereās movement, but sellers may need to adjust their strategies in this shifting market. If youāre thinking about selling, itās important to be competitive with pricing and presentation to attract those motivated buyers.
Buyers:
Nowās the time to act! With prices dropping, you might find a great deal, but donāt wait too longāwell-priced homes are still selling.
Sellers:
Letās talk strategy! Whether itās pricing your home competitively or enhancing your listing to stand out, weāll find the best approach to get your property sold.
Harpreet Christie, REALTORĀ®ļø/Owner
š 780-205-7653
š§ harpreet@bordercityrealestate.com
š Harpreet Christie: Lloydminster AB REALTORĀ® - Call: 780-205-7653