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
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Bill Mah, The Edmonton Journal
Published: 1:33 am
EDMONTON - A record glut of Edmonton-area homes for sale shows no signs of shrinking soon.
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  Y% o. z& S' \) B) E3 _; }" R$ dAt 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.

" h, O, H7 B% A. i4 e1 v; TThat'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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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.

, `' t1 ^$ [' L1 r9 M7 A0 l"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.

, }5 J; f# F6 h1 l  B: T: G) ^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.
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* Y6 q' \. w  G/ {* o% N! p4 f/ WIn 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.

  d) }. o4 q7 [' \, |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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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.

' H8 F8 w  I1 cThe May average selling price for a single-family dwelling was $383,167 -- down about 10 per cent from May last year.

1 a1 o5 o2 D# I, o% Y- WThe 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.

# m0 X' T4 U0 `' }" IThe average selling price for condos was $260,837 in May, down nearly two per cent from the same month last year.
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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.
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Prices are slower to drop when demand falls.
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+ N7 I" y3 g; ?& c9 ]* I! X3 r"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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"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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http://www.canada.com/edmontonjo ... e-8b7d-c879e1aba77a

! b& H2 y' O( d/ t! O1 t[ 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

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


哪位高人给解释解释阿?

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