 鲜花( 0)  鸡蛋( 0)
|
MLS inventory hits 11,000
1 d; r8 H3 g6 W/ qRecord number of homes for sale 21/2 times greater than last June's lineup
( @+ I- a. h0 Q( { N/ J
+ m4 l) u- ~ {Bill Mah, The Edmonton Journal0 H% a* A+ y. y( x) \
Published: 1:33 am) e3 O6 t* f. B+ k% l6 A, ]$ L' Z
EDMONTON - A record glut of Edmonton-area homes for sale shows no signs of shrinking soon.1 h- p5 F$ c/ s4 F
, g4 t9 ?+ N; b# t7 `5 w: iAt 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.
" g$ H8 v ^" Z8 @$ S$ P3 {" b* d0 g! |+ n6 b
That'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.
: s# z) o$ [5 W6 Z. V! t$ P& |# P) t3 o$ L
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.
8 l" ~! u: X' S- ^* n7 u
. W& X% V! r6 I1 W& ]4 e0 k5 c"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.' i1 `# n1 ], }8 H
1 h0 e* Z$ z4 |& K0 h2 _5 m3 a6 \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./ i+ j" d- s! f* y$ Q5 k9 b1 o) s
4 a: p7 y4 k8 v; R" T# S
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.0 E& E" G- A( [4 x6 Z
( M; W& s* W! ADespite plummeting demand, prices have remained relatively stable.
+ G8 H6 ^+ T' W$ F
- Z$ {8 h/ i9 zPerras forecasts home prices will rise by an average of four per cent by year's end.
& I) E5 G4 ?7 Z) k0 t# U8 n7 v
In May, the average (mean) price for all types of homes rose one per cent from April to $340,499. That price is down about four per cent from a year ago.# y8 B9 i* g3 I2 c. g
- g( s% s! N/ q2 S4 T! x$ E& z0 _
The May average selling price for a single-family dwelling was $383,167 -- down about 10 per cent from May last year.
6 S0 D: F4 p" x: D/ @; C @3 q4 }# V3 ~: _! `' B. j
The median -- middle figure in a list of all sale prices -- selling price for a single-family home in May was $365,000, down 8.75 per cent year-over-year.$ F% P* A! z' W3 n7 ?+ W
9 j# a5 ?4 Q# M' H4 w3 @The average selling price for condos was $260,837 in May, down nearly two per cent from the same month last year.
( f: m$ s. ^% ^1 ?1 L+ j) y, l* J( E7 }6 H% G+ W
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.
5 _, x* J4 ]( N5 y& `9 {) W$ y; K/ I* \' Y n' I
Prices are slower to drop when demand falls.
! G, O# Q) _, j+ L7 [: d0 {# Y/ T( @- B/ k
"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.
$ c3 O2 x; F+ i8 P! D& H) t" X+ {" T
"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."
* X3 P, s9 q i& B; J: l8 A1 E7 u. A/ k( n9 x
http://www.canada.com/edmontonjo ... e-8b7d-c879e1aba77a
- l" _6 q- h: F6 ~: a2 E
5 F$ w3 }5 X) R9 M( P# I[ 本帖最后由 circle 于 2008-6-4 08:17 编辑 ] |
|