The Lloydminster real estate market is experiencing some changes this week, and it’s important to stay informed whether you’re buying or selling. Let’s take a quick look at the latest data for October 14-20, 2024:
• 🏡 Active Listings: 149
• 🏡 Average Sold Price: $273,008 (down from last week)
• 🏡 Average Days on Market (DOM): 54 days
• 🏡 Properties Sold: 13
• 🏡 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 there’s still some time for negotiations, but well-priced homes are moving.
With 149 active listings and 13 homes sold this week, there’s movement, but sellers may need to adjust their strategies in this shifting market. If you’re thinking about selling, it’s important to be competitive with pricing and presentation to attract those motivated buyers.
Buyers:
Now’s the time to act! With prices dropping, you might find a great deal, but don’t wait too long—well-priced homes are still selling.
Sellers:
Let’s talk strategy! Whether it’s pricing your home competitively or enhancing your listing to stand out, we’ll find the best approach to get your property sold.
Harpreet Christie, REALTOR®️/Owner
📞 780-205-7653
📧 harpreet@bordercityrealestate.com
🌐 Harpreet Christie: Lloydminster AB REALTOR® - Call: 780-205-7653
