Welcome to my monthly real estate market update for Lloydminster. Let us look at what happened with the real estate market last month.
Tune in for the Market 411…
55 Properties Sold in June of 2022.
The average selling price range was $338,551, with an average of 64 days on the market.
THE WEEK IN MARKETS (IN EMOJI) ✂️ Not as bad as some recent weeks, but still not good: the S&P fell another 2%, and the TSX fell 1%. Bonds rallied, as investors lowered inflation expectations and ratcheted up recession fears. In fact, market pricing now implies that the BOC and the Fed will need to shift to cutting rates in the second half of 2023. In crypto, if you really want to know, Bitcoin and Ether both fell and are trading near 2022 lows. “WS” Is now the time to sell? Of course, it is. Feel free to contact me for a market evaluation.