Fort McMurray Real Estate Sales - Mid Month Update
Single Family Home Sales
We've got ten days left in March with 42 firm sales already and 19 pending (under offer). It looks like we are going to get close to March 2015 sales numbers which is great to see. More interesting than that, we are already at 119 sales for the year. In 2015 we saw 129 sales over the same period so it looks like the balancing of our market is continuing. We haven't felt the Spring rush yet but it could be just around the corner!
With February at its end, our market is continuing to show a similar trend in comparison to the last two years. However, sales this month have been slightly better than in the last two years. More encouraging than that statistic is we currently have 33 homes conditionally under offer. The notion of our market being "flooded" with listings is blown out of proportion as well. There are fewer homes for sale this February than in same month the past two years. Yet, with sales still being fairly slow, we shouldn't expect to see an increase in single family prices at the moment.