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Fort McMurray Realtors release numbers ahead of housing market’s slow period

Fort McMurray, AB, Canada / MIX 103.7
Fort McMurray Realtors release numbers ahead of housing market's slow period

Fort McMurray Realtors is releasing their numbers from October.

What’s very evident is the average price rise compared to September while seeing the number of sold properties see a decrease of nearly 18 per cent.

For example, the average cost for a single family detached home in October, 2015 was $685,386 compared to $653,466 in 2016. This is a nearly a $33,000 decrease from the previous year.

Comparing to the previous month, along with a slight increase in average prices, properties sold along with active listings were down. Listings were down 5 per cent from September and 2.75 per cent from last year.

Sales and listing usually see a decrease around this time of year and won’t see it pick up again until next year, that’s according to the Fort McMurray Realtors.

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