Lethbridge Real Estate Statistics - February 2016
Our local real estate board keeps statistics on the listings and sales which are shared with them. These sales which are recorded in the MLS can be used to give a rough snapshot of the Lethbridge real estate market and help to answer that questions, "what is my lethbridge house worth?".
Other than keeping these stats, the Lethbridge Real Estate Board is of no use to me. Many years ago it was a useful and functional organization which fostered cooperation and promotion in the local real estate industry amongst the wide variety of REALTORS and other real estate agents. Over the years, they completely forgot that they are nothing more than a social club and started to think that they are some sort of legitimate organization with some sort of actual legal authority within the real estate profession. This is not true. The Lethbridge real estate board has no authority, is not a government entitity, and is nothing but a voluntary club which a portion of the real estate industry members belong to, primarily because of the historic monopoly over industry data. But that is a story for another blog post.