Edmonton home sales dip
EDMONTONJOURNAL.COMOCTOBER 5, 2009 12:26 PMBE THE FIRST TO POST A COMMENT
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For sale signs.
Photograph by: Rick MacWilliam, Edmonton Journal
EDMONTON - Edmonton-area home sales in September fell 1.45 per cent compared to the same month last year, according to statistics released Monday by the Realtors Association of Edmonton.
There were 1,704 residential sales in September, compared to 1,729 in September 2008.
But the realtors group said the month still ranked as the third best September on record for sales, behind last year and September 2006 when 1,844 homes were sold.
After prices dipped in August, they returned to midsummer levels last month. The average price of a single-family dwelling was $371,947, and condos were priced on average at $245,546 — both up 1.4 per cent over August prices.
Compared year-over-year, single home average prices rose 2.7 per cent while condos dropped 2.7 per cent.
Compared with where they were at on Jan. 1, single-home prices have gone up $20,000, the association said.
In September, 2,564 homes were listed for a 66-per-cent sales-to-listing ratio. By comparison, in September 2008, 3,100 homes were listed for a 55-per-cent ratio.
The inventory of homes on MLS dropped to 6,032 from 6,445 at the end of August. At present sales volumes, that’s nearly four months of inventory.
Read Tuesday’s Edmonton Journal for more.
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