Last week marked the end of January 2010 and the end of another solid week in real estate for Red Deer in 2010.

Listing inventory climbed with more new listings coming on during that last week than the previous weeks however some of that was off set by sales and those that either expired or were cancelled.  The data from the Central Alberta REALTORS® Association for the Red Deer MLS® is as follows:

Week Ending 1/3/2010 1/10/2010 1/17/2010 1/24/2010 1/31/2010 Change From Last Week

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 New Listings 18 68 49 60 83 23

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 New Sales 15 20 19 16 25 9

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 Off Market 48 20 30 23 35 12

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 Total Inventory Level 416 444 444 474 497 23

Both sales and listings have been active with more listings coming in the later portion of the month, particularly last week. The balance of listing inventory versus sales is something we will continue to monitor each week and month.

January 2009 versus 2010 update will follow later this week

Your Friend in Real Estate,

Patrick Galesloot

Patrick on Twitter:  @pgalesloot