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Property Sales Go Up In August, Price For Single Family Homes Go Down

Fort McMurray, AB, Canada / MIX 103.7
Property Sales Go Up In August, Price For Single Family Homes Go Down

The real estate market appears to be showing signs of stability as we get into the fall.

The average price for a single-family detached home in the RMWB is down less than $3,000 year over year.

The Fort McMurray Realtors® August report shows 54 homes were sold last month for more than $574,000 – compared to August 2017, where 43 homes sold for over $577,000.

While the average price for a home fell by over half a per cent (0.54%) the Realtors say these are all positive indications of a stabilizing market and we can expect similar activity through the fall.

There are currently 332 properties on the market, in comparison to 470 this time last year.

 

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