 鲜花( 0)  鸡蛋( 0)
|
MLS inventory hits 11,0002 G4 d! ?) w' ` p+ Z" E) ~
Record number of homes for sale 21/2 times greater than last June's lineup0 H* {% c J3 ?! m* m) b
& n& F6 Z" [4 I' K1 f aBill Mah, The Edmonton Journal
m* ~+ T# r2 H% Z5 A9 B+ U$ wPublished: 1:33 am( |2 D' W, e6 ?% E- `& g
EDMONTON - A record glut of Edmonton-area homes for sale shows no signs of shrinking soon.' O% [. _; ~0 L3 X# d
+ F3 S2 y& i$ h9 C2 L) [; NAt the end of May, 11,006 residential properties sat unsold on the Edmonton Multiple Listing Service, according to monthly statistics released Tuesday by the Realtors Association of Edmonton.
% T+ V$ M& H6 b5 x8 h6 N
0 e& b7 U2 s5 NThat's up 400 homes from a month ago, and 21/2 times the inventory of the same time last year. At the current pace of home sales, that amounts to a six-month supply, twice the normal inventory.. L% q* x! J$ h/ G% a
7 ~8 h: U& C1 b' {. z$ m* O
Good news, if you're a buyer. For sellers, it means waiting an average of 53 days for a sale -- up one day from April.
& G+ W9 |/ y4 {7 R3 U
) v6 P8 F" s7 Y. _5 y% C- Z% U8 _"It's a great time right now to be purchasing, because the selection has never been better and the interest rates are low," association president Marc Perras said.
( o7 y: ]7 M$ q/ v
3 a" ^- } e/ E8 M F4 T# ]Perras predicted the surplus will shrink to about 8,000 by the fall as homes sell or multiple homeowners rent out extra homes instead of trying to sell them.
' w; d' s6 h c! G* ]
! N5 p6 m0 | FIn May, 4,294 homes were added to the listings inventory and 1,821 homes sold. May sales were higher than same-month sales in 2003 and 2004, but fell short of May sales for 2005 to 2007, during a real estate boom.
* z9 _* D) w- h3 e8 m4 b
9 C6 v$ X- X) HDespite plummeting demand, prices have remained relatively stable.
# \: w$ P; K9 [# i
( x0 P" ~' c' o, S1 APerras forecasts home prices will rise by an average of four per cent by year's end.; J$ Q, `# D) t+ O( Z
, k. y: I1 d) B/ f, t. jIn May, the average (mean) price for all types of homes rose one per cent from April to $340,499. That price is down about four per cent from a year ago.
, I* O- ]; s. r s. c8 ?
/ ^$ M5 `' A2 y# H* o, uThe May average selling price for a single-family dwelling was $383,167 -- down about 10 per cent from May last year.
* l: I2 j. i% M& b" ?3 e& o) {; n* n0 q7 T" Z: O
The median -- middle figure in a list of all sale prices -- selling price for a single-family home in May was $365,000, down 8.75 per cent year-over-year.0 K, {. K9 ~2 v- J8 f: \: w
$ w/ o& b ]7 t, L
The average selling price for condos was $260,837 in May, down nearly two per cent from the same month last year.2 l% G" n; z0 y% p
$ M! \! _" F( S! a3 x3 ~
Paul Messinger, a University of Alberta marketing professor, said the Edmonton real estate market appears to be following an economic model that says in times of high demand, prices get bid up rapidly.# [4 K. G+ N- X! X8 W% v/ G
' |3 ]0 m9 p9 ?+ P" kPrices are slower to drop when demand falls.* K! v1 {9 \( j4 U
! B* D$ r1 U; k, ]7 c
"Now, when we are back closer to historical patterns, we see an adjustment where the slack is taken up not by price but by the inventory," Messinger said.
9 B$ R* ~! @4 i! r p- [4 _; F3 q- m ^ G8 E# z& `9 A3 K
"For years, Edmonton was one of the best real estate values in the country. Now we are much more in line with the rest of Canada in terms of price."
. e& X- f6 L# _9 a" W F# v% L* T2 ]/ w* Z0 G! B5 n% k. r8 o
http://www.canada.com/edmontonjo ... e-8b7d-c879e1aba77a
5 B* z+ `7 j5 f" [* B9 w: ^/ }4 |- N2 G; {; M
[ 本帖最后由 circle 于 2008-6-4 08:17 编辑 ] |
|