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

Bill Mah, The Edmonton Journal
8 \7 y, X1 a1 ZPublished: 1:33 am
/ R$ t% D, H: u( }: @: ]EDMONTON - A record glut of Edmonton-area homes for sale shows no signs of shrinking soon.
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8 I. o) q+ E" @0 A  ]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.
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  \+ b0 y/ s% B  n# h' n% _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.
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( z* K# G! j/ VGood news, if you're a buyer. For sellers, it means waiting an average of 53 days for a sale -- up one day from April.

"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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2 h! o. C9 ^, H& j8 UPerras 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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% F: f' a3 O! k5 V% OIn 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.
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Despite plummeting demand, prices have remained relatively stable.
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Perras forecasts home prices will rise by an average of four per cent by year's end.
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( m4 Q" T+ {2 K- Q; z( F4 U' vIn 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.

The May average selling price for a single-family dwelling was $383,167 -- down about 10 per cent from May last year.
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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.
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The average selling price for condos was $260,837 in May, down nearly two per cent from the same month last year.

' [; w4 ~+ D, m! k% F5 OPaul 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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Prices are slower to drop when demand falls.
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# n0 d) Y7 ^3 s  i* x0 `: N  `& L, }"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.

$ _3 h8 l. u7 w8 U$ Z" L9 J"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."

3 t( G1 ~& F& u- n0 xhttp://www.canada.com/edmontonjo ... e-8b7d-c879e1aba77a
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[ 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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  x; r% r3 |- r: O, ]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


+ q9 Y2 C6 y6 {% T# K哪位高人给解释解释阿?

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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