 鲜花( 0)  鸡蛋( 0)
|
MLS inventory hits 11,000
6 t2 K1 t# ^1 S5 l7 xRecord number of homes for sale 21/2 times greater than last June's lineup( [; Y9 ^9 A( N
6 O, n+ l2 G% X% H v- PBill Mah, The Edmonton Journal( w8 w+ r! } u
Published: 1:33 am
' Q E7 a% ^7 n( KEDMONTON - A record glut of Edmonton-area homes for sale shows no signs of shrinking soon.
. S7 u# k. |, ]5 L# {3 y# d( g) W
% f% O3 k+ Q* o3 ?* Q# b4 Q, gAt 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.- p& L7 W% T7 R0 q: R5 {3 R
% I5 j7 `9 G; v( O" AThat'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.
1 A7 s q' [6 h' I3 L! I) m9 J' X) ` D# W/ o% V
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.
. H1 d% Q2 m; O9 [0 g6 `* i: O! g& h! ]6 f+ E5 d. E
"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.' O: s" F# \1 z8 J
4 c/ x H4 ?& M% u
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( v' t+ t. [: U4 g& q/ o& E6 n! E
In 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.5 @+ n+ C& r* d5 ~6 y: U3 H" K$ ]4 Y. M
9 Z4 y: m/ J' ~* C# s$ gDespite plummeting demand, prices have remained relatively stable.7 V- x3 `( X1 V0 k
0 S4 ?; Q9 Z" ]7 ^* {Perras forecasts home prices will rise by an average of four per cent by year's end.
' P1 ~ d. R. W- o
6 J) u4 ]6 ]+ E/ h" CIn 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./ u6 B! K6 N9 Y/ T, N
; @6 B& j9 X% e( U1 r, ?( Q
The May average selling price for a single-family dwelling was $383,167 -- down about 10 per cent from May last year.! g! Y' X) e! w ]# Z4 [! c
, G T: V6 n2 n `- ]/ @8 EThe median -- middle figure in a list of all sale prices -- selling price for a single-family home in May was $365,000, down 8.75 per cent year-over-year.3 x7 E! s4 ~( E. V
k9 P# C$ z2 a* u ^4 u5 i+ ^The average selling price for condos was $260,837 in May, down nearly two per cent from the same month last year.
/ A0 e% y0 H2 B; [+ J* N- p! b# x3 J- B
Paul Messinger, a University of Alberta marketing professor, said the Edmonton real estate market appears to be following an economic model that says in times of high demand, prices get bid up rapidly.7 Y$ X$ C0 X! k- A$ a; z
2 W* o n" C: ~
Prices are slower to drop when demand falls.
, e! l3 G) L( W
4 J* E4 V7 \6 N2 J4 z"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.
7 h4 S$ Z1 a1 k+ Z$ Q
& r/ \4 x/ O, E# y) q" d, o' O"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.": d& `; N' z O- G
8 l& I* p& i7 F, m# u
http://www.canada.com/edmontonjo ... e-8b7d-c879e1aba77a
5 J' Z6 i7 \" i/ _0 d8 ^" y( V0 f, n* B% x3 C! T( n$ g( e3 K
[ 本帖最后由 circle 于 2008-6-4 08:17 编辑 ] |
|