Are Edmonton Real Estate Values On The Rise?
The Edmonton Real Estate market continues to be robust. As
of this morning July 18, 2012 there were 3,076 single family dwellings listed
on MLS with the Realtor’s Association of Edmonton. This level of inventory is a
very healthy.
In the past 30 days there were 941 homes sold. For this time
of year this is a very healthy and strong number. This would give us a listing
to sales ration of 3.27:1 which is well below the 4:1 ratio needed for a
neutral or balanced market.
With a 3.27:1 listings to sales ratio I expect there to be
continued pressure for valuations to continue to rise. I think that in the next
30 days we will see how much of an impact the new mortgage rules that came into
effect July 09, 2012 will have on the real estate market in Edmonton.
If you are thinking of buying you will probably save
yourself thousands of dollars by buying now versus waiting a few months. Call
me today if you would like some help to find your next home. Serge @ 780-995-6520.
To view and search all MLS listed homes visit us at
www.edmontonhomesforsale.biz
Tags: economy, edmonton real estate, edmonton real estate statistics, Real estate news
