Are Valuations in the Edmonton Real Estate Market Starting to Rise?
This has been one of the most strangest years that I can remember since I started real estate back in 1985. I say strange because it was the busiest January and February that I can ever remember having but by looking at the sales statistics it would appear not everyone was having the same success.
As of today March 03, 2012 there are 2,318 single family homes listed in Edmonton proper on the Multiple Listing System. That is a reasonable listing level.
In the previous 30 days there were 604 single family homes sold in Edmonton proper through the Multiple Listing System. That is a significant increase over last months sales level.
This would give us a listings to sales ratio of 3.84:1 which is below the 4:1 we need in Edmonton for a neutral or balance market. This tells me that we are starting to see some increased pressure for valuations to start to rise.
If you are a buyer you better buy now before prices go up and interest rates go up. Call me today to help you find your dream home now. Serge 780 – 995 – 6520
Tags: edmonton real estate, edmonton real estate statistics, housing market, Real estate news
