ARCHIVED BLOG POSTS
2009
Hi everyone. It looks like we will end up with close to 2250 sales for May (up from 1843 in April)and an inventory of 7500 homes for sale (close to April's numbers). The market is now tipping more towards a Seller's Market than a balanced market. We only have a 3 month supply of homes for sale wi...
05/29/2009
The strengthening market continues. The sales have been very strong in the recent 2 months. This is combined with a lower number of homes for sale versus last year at this time. According to the latest stats, we are on pace to sell over 2000 homes this month. As for the number of homes for sale, ...
05/20/2009
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Comments
I was working on a graph that shows the number of properties sold in the Metro Edmonton area over the last 5 years. It clearly shows that May is normally our peak month for number of sales. The red line is this year's sales numbers. If the pattern continues we could see 2000 properties sold in Ma...
05/13/2009
How is the market? The short answer is improving! Last year (2008) we had an oversupply of listings (reached 11000 listings), only 4 out of 10 listed homes sold and prices were dropping in the 1% a month range. Thankfully that year is over!The market demand (sales) have been steady this year. In ...
05/07/2009
Real Estate Resources
Helpful ideas regarding selling your home and market conditions in the Edmonton area.