Downward Pressure Easing on Edmonton Real Estate Values

It might appear that the downward pressure on valuations are easing somewhat. With 3,065 single family dwellings for sale the amount of inventory is coming down. In the last 30 days there were 656 single family homes that sold.

That give us a listing to sales ratio of 4.67:1 which is down from the previous week and hopefully is a trend that will reverse and we will see valuation rise again as I expect them to do in early spring of 2012.

That makes now a perfect time to buy with the current low interest rates that are available. To check out todays best mortgage rates visit www.edmontonmortgagesource.com

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This entry was posted on Monday, October 17th, 2011 at 3:47 pm and is filed under Edmonton Real Estate Forecast, Mortgage Rates, Statistics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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