爱城MLS库存量已达11000套

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MLS inventory hits 11,000
Record number of homes for sale 21/2 times greater than last June's lineup

7 g8 _* k9 b" [5 \  ]: Q8 }4 yBill Mah, The Edmonton Journal
Published: 1:33 am
EDMONTON - A record glut of Edmonton-area homes for sale shows no signs of shrinking soon.
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At 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.

' I' F+ v( D0 v. n; F% o0 ^" QThat'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.
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( B* g# y% y1 X/ u* w$ x9 hGood news, if you're a buyer. For sellers, it means waiting an average of 53 days for a sale -- up one day from April.
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1 ?! S5 j. g, I. h( L; R* `"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.
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1 U5 W* ?- U" V- S/ N& CPerras 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.
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" {8 Q1 x4 y2 b# q: e7 QIn 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.

* X# _& F0 B5 R, g  ]Despite plummeting demand, prices have remained relatively stable.
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- z# P- P6 p+ O0 LPerras forecasts home prices will rise by an average of four per cent by year's end.

. J4 n- u5 O' ~/ `In 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.
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The May average selling price for a single-family dwelling was $383,167 -- down about 10 per cent from May last year.

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.

8 d  x( U: ~6 Y6 n- ~The average selling price for condos was $260,837 in May, down nearly two per cent from the same month last year.

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.
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* e: s1 x6 _% d2 \5 [3 n' I# ~5 OPrices are slower to drop when demand falls.

0 X' C1 U6 g4 `/ k6 D" X9 d; r3 J"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.
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; B, v' R. g# X; u/ y$ ?; n: f6 Y"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( L" i  c- fhttp://www.canada.com/edmontonjo ... e-8b7d-c879e1aba77a
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) D6 |9 C" A1 N7 z[ 本帖最后由 circle 于 2008-6-4 08:17 编辑 ]

roof

good....let's wait

kai517

let's wait  until the market crashes to the bottom.

flagship

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- _7 c0 D" T2 y  V* |哪位高人给解释解释阿?

潇洒哥

原帖由 flagship 于 2008-6-5 08:59 发表

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哪位高人给解释解释阿?

catty

as one leader of Realtor Association said last year house owners list their house in summer for fun.
and house price will go up absolutely.

eagle2008

路过，关注一下