The Fort McMurray real estate market continues to be stabilized into the fair weather of June as sales have increased while prices remained steady. Inventory also trended slightly upwards this week as more homes entered the market relative to sales. The average sold price of single family home in the Wood Buffalo region in May snuck up to $528,952.
From a macro perspective, Fort McMurray housing market may face numerous tailwinds in the coming year. Rising commodity (oil and natural gas) prices and cheap financing may push buyers to the market. In addition, increasing construction and lumber costs will likely suppress the building of new housing, tightening supply.
Check out last week’s Fort McMurray Real Estate Statistics.
30 homes sold
31 homes pending
49 New Listings
357 Active Listings
With the recent easing of restrictions Open Houses are now up and running with safety measures in place. Just in time for summer and the Lore Group is in full swing so come on out and have a peek at some of our fantastic listings on the weekends.
Is NOW is the perfect time to put your house on the market?? Find out How much is your home worth today?
DON’T WAIT!! Reach out to us for a no obligation FREE MARKET EVALUATION
The Lore Group 780 370 3325