The Okanagan Mainline Real Estate Board (OMREB) reported February 2015 sales activity of all MLS® property types improved 34% compared to the same month in 2014 – bouncing back 53% from sluggish results in January…rallying along with consumer confidence despite weaker economic conditions in Alberta.
An increase in demand and fewer homes for sale has edged the market from balanced into seller’s market conditions for some segments where demand outpaces supply. While the selection of single family homes has been reduced with the ongoing decline in inventory and fewer new listings — especially for entry-level homes — the price of single family homes is steady and strong in most areas with modest gains seen in some locations where supply has tightened.
Desirable, well-positioned and well-presented homes are selling quickly. Home sellers listing early this year will have the edge and see results.
As part of the world’s largest Real Estate organization, I am proud to offer industry leading service to my clients. I would be honored if you would give me the opportunity to provide this great service to you, your friends and family.
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Rom Houtstra
CENTURY 21 Assurance Realty Ltd.
Cell: 250-317-6405
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