More homes sold in December; average price drops
More homes were sold throughout the month of December but at a lower price compared to 2016.
Builders work on a new home in the Beacon Hills area after wildfires last year destroyed most of the neighbourhood in Fort McMurray, Alta. Friday, April 21, 2017. The federal housing agency says rebuilding efforts in Fort McMurray, Alta., are going faster than expected, with reconstruction underway on one-third of the homes destroyed in last year's wildfires. THE CANADIAN PRESS/Todd Korol
New numbers released by Fort McMurray REALTORS® show more homes were sold last month at a lower price.
According to their numbers, 37 homes were sold in December 2017 at an average price of $564,832, compared to 27 in December 2016 at $676,778.
In a press release Fort McMurray REALTORS® wrote that the average selling price is down, they are also seeing a decrease in the number of homes listed which may stabilize housing prices.