If you’ve been watching the Sylvan Lake real estate market, there’s a lot to take in this month. The average selling price is up nearly 30% compared to last year — a significant gain for homeowners. This jump in value may come as a surprise, especially considering that fewer homes are actually selling, down about 12% year-over-year.
We’re also seeing a slight dip in inventory, with 6% fewer listings on the market. Months of inventory is sitting at 2.6, up just slightly from last year, but still reflective of a tight market — especially with prices climbing this much.
So what does this mean for you?
If you’re selling: You could be sitting on substantial equity. But with fewer buyers pulling the trigger, strategic pricing and strong marketing are key to standing out and attracting serious offers.
If you’re buying: The market may not feel as frantic as last year, but competition is still there. Being prepped, pre-approved, and clear on your numbers will put you in a stronger position.
Not sure what your home is worth in today’s market? Wondering if now is the time to make a move? I’m always happy to walk you through the numbers and help you make a plan that fits your goals.
We’re also seeing a slight dip in inventory, with 6% fewer listings on the market. Months of inventory is sitting at 2.6, up just slightly from last year, but still reflective of a tight market — especially with prices climbing this much.
So what does this mean for you?
If you’re selling: You could be sitting on substantial equity. But with fewer buyers pulling the trigger, strategic pricing and strong marketing are key to standing out and attracting serious offers.
If you’re buying: The market may not feel as frantic as last year, but competition is still there. Being prepped, pre-approved, and clear on your numbers will put you in a stronger position.
Not sure what your home is worth in today’s market? Wondering if now is the time to make a move? I’m always happy to walk you through the numbers and help you make a plan that fits your goals.