Number of Homes Sold Nearly Tripling Year Over Year

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Number of Homes Sold Nearly Tripling Year Over Year

The number of homes sold to start off 2018 is nearly triple the amount year over year.

That’s according to the Fort McMurray REALTORS who released their latest market update for January, on Friday.

They say 53 properties were sold compared to just 20 in 2017.

The REALTORS note this could be a sign that buyer confidence may be back in Fort McMurray.

The average price for each home was also much lower than 2017 – selling for $572,668. Last year, the average price was sitting at $605,495.

The current sale price is a little higher than December, sitting at $564,000, which was just a little higher than prices were in August when the market saw its lowest prices in 2017.

The REALTORS add the momentum they had to end 2017 is looking like it’s here to stay early in the year.
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