"Market conditions are still adjusting to tighter lending rules, rising rates and economic uncertainty facing the oil sector. The large drop in sales and increase in total inventories highlights the importance of effective pricing strategies for anyone selling in this market and buyers are encouraged to get pre-approved in order to avoid any disappointments." Susi Woulds, Remax Landan
February Market Data:
. Total Sales: 1,094, down 18% year over year.
. New Listings: 2,405, down 2.2% year over year.
. Total Listings: 5,202, up 15.55% year over year.
. Average Days on Market: 51, up from 48 last year.
Benchmark Sale Prices:
. Detached House: $502,800, up .72% year over year.
. TownHouse Condo: $328,200, up .06% year over year.
. Apartment Condo: $256,400, down 2.99% year over year.