爱城MLS库存量已达11000套

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MLS inventory hits 11,000
8 W- N5 @' L1 h; C+ `Record number of homes for sale 21/2 times greater than last June's lineup
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Bill Mah, The Edmonton Journal
, W) i0 w+ A6 n6 `1 g  g: p& kPublished: 1:33 am
EDMONTON - A record glut of Edmonton-area homes for sale shows no signs of shrinking soon.

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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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.

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.
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"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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! c1 A% s5 a# Y3 ^2 z9 jPerras 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.

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.
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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.

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.

6 A# l% n+ P" d# a7 Z, U5 `6 NThe May average selling price for a single-family dwelling was $383,167 -- down about 10 per cent from May last year.

9 M& S5 v, R7 \- c( OThe 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.

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.

Prices are slower to drop when demand falls.

"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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  X1 d' Z3 I( l+ E; f  w$ V& Z"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."
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  s# N! I$ T3 _( p5 L5 V$ S7 dhttp://www.canada.com/edmontonjo ... e-8b7d-c879e1aba77a
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/ P6 e1 n5 n' S% m  v9 D  h[ 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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/ ?* O; K9 r7 C' {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?

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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