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market, think no further than to hire myself, Ken Richter for excellent service and ultimate results. As
your trusted professional Realtor® I have 30+ years of experience, 2018 ranked Top 6 Individual Agent at
RE/MAX Real Estate (Central), the #1 Selling Real Estate Office Worldwide for 19 consecutive years and
finished in the Top 100 in RE/MAX Western Canada once again.
This month the Calgary Real Estate Board released it's 2019 forecast, which echoed much of what we've heard in the last year: this economic climate is making buying and selling homes challenging.
CREB® Chief Economist Ann-Marie Lurie stated, "slowing growth, weak job prospects and lack of confidence are all factors that are contributing to the expected easing in sales activity this year. At the same time, our market continues to struggle with high inventory levels and further potential rate hikes, all of which is expected to cause additional price declines this year."
Moving into 2019, homeowners can expect to see a sustained buyers market; though high inventory and months of supply are expected to slowly begin to ease. CREB® predicts that while 2019 may remain challenging for the Calgary market, conditions are expected to stabilize enough that in 2020 we can see more progress. Their advice for sellers, buyers and investors in 2019? Find an experienced realtor.
CREB® CEO Alan Tennant noted at the forecast, "in this market, buyers have the advantage of choice. A REALTOR® can help buyers find a home that best fits their lifestyle. For home sellers, knowing all the data and facts surrounding their home is critical to maximize their selling price. Working with a real estate professional can take the guess work out of the process."
You can read more about the Calgary Real Estate Board's Market Forecast here.
Please feel free to contact me today at 403-630-6363 or email me at ken@kenrichter.com. Referrals of family and friends are always appreciated.
(Photo via Ken Richter)
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