November 6th - 13th, 2022
The Fort McMurray Housing market is exhibiting very interesting dynamics. Prices continue to come down while inventory is also slowly coming down. This condition suggests that buyers have become more disciplined about their purchase price and conservative about the risk they are willing to take on. Many sellers have removed their homes from the market in the face of unattainable sale prices hoping that spring will bring renewed activity.
Check out last week’s Fort McMurray market data:
- New MLS listings declined in the past week. Overall market inventory trended significantly downwards as more sellers removed their homes from the market.
- The number of homes that received offers increased and the number of homes that sold declined once again. There were 43 price decreases market-wide.
- Average days on market jumped up to 93.
- Close price to the original list price lowered to 92.1%
Check out last week’s Fort McMurray Statistics:
- 17 Sold Homes
- 13 Pending Homes
- 27 New Listings
- 469 Active Listings
What can you do to help bring the top price for your home?
Let us help you assemble a team you can trust, a Lore Group Real Estate Agent, Lender, Lawyer, Inspector, and more. It is more important than ever that you are using an experienced Lore Group agent who understands the market conditions in real-time, to make sure you are getting the most when you sell your home and the best home-buying experience.
The Lore Group is proud of our track record and continues to deliver results to our clients. We are proud to have served the Fort McMurray Real Estate Market for over 21 years and would look forward to the opportunity to meet with you and your family. Market evaluations and consultations are free and there is no obligation. Reach out today and let us help you get more.
The Lore Group - Coldwell Banker Fort McMurray
Phone: (780) 370-3325