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Market Inventory hits 6,000... does this mean a balanced market?

Blog by Sara Kalke | March 18th, 2010

The Edmonton Real Estate Market at the "6,000 balance" point! 

Remember the REALTORS Association Market Prediction for 2010? Larry Westergard, the president (and manager of my office), said about the Real Estate Market:  "We would be a little more happy to see 6,000 properties for sale in the Edmonton market." (There were 4,037 residential MLS listings at year-end 2009.)  Full Edmonton Journal article: http://bit.ly/8plJZk

Well, now we have what was predicted: 6,023 properties to be exact.  Inventory has been climbing since the beginning of the year (see chart: 2010 Inventory Count) as per the usual spring trend. 

The next month will be crucial in determining the market for the rest of 2010 - will we see the inventory numbers continue to climb, creating a "buyer's market", or will buyers be able to keep up with the demand?  One thing is certain for sellers - with more competition on the market, having a top-quality marketing and a professional, caring REALTOR will get you the winning edge.   Check out my 25-Point Marketing Plan for more information (Under the Sellers tab).