Edmonton home sales drop to 1998 levels

vista

EDMONTON — Sales of Edmonton-area homes in November slowed to levels not seen since 1998 as bad economic news turned off potential buyers, said the Realtors Association of Edmonton.
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5 T' w/ h. b4 M“Our members report that there are a lot of potential buyers in the market but many are not ready to commit,” said Marc Perras, president of the association.

“They are being cautious and hoping for further price drops or lower interest rates that reflect the current global economic situation.”

The association released its statistics on November Multiple Listing Service activity today.
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4 D" l2 l  `6 |  r1 j1 {For November, 891 MLS homes were sold — down 25.4 per cent from the same month last year.
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The average (mean) price of a single-family home was $362,757 — down 3.59 per cent from November 2007. Compared to October, the price fell slightly — 0.14 per cent.

; D2 c) E1 v8 B0 Z- qThe median selling price of a single-family home was $337,000. That’s slightly more than a five-per-cent drop year-over-year.
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$ s. _; m5 r' A+ e4 aThe average selling price for a condominium was $231,531 — down 8.22 per cent from November 2007 and down 2.55 per cent from October.

Duplex and rowhouses sold on average for $315,813, up 2.8 per cent from October.
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" o% R  N( B. w) Y/ X9 K' H$ IThe average home spent five more days on the market to 63 in November.

- ?, L, s: i* T: I/ ~8 K9 S“Sellers may be losing heart but even in this slow market there were still about 30 housing deals made every day and every home that is priced appropriately will eventually find a new owner,” Perras said.

瓦窑

lower interest rate?

Solina

Is it good news for home buyers?!

lastman

not yet， the good news will come until  the worst is gone. 拿住钱，会有惊喜