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Fort McMurray REALTORS® reporting stabilization in market

PHOTO: Looking toward downtown Fort McMurray from lower Thickwood. Jenna Hamilton/ MORNING REPORTER.

Fort McMurray REALTORS® are reporting their statistics from the month of August show the market is stabilizing.

Sales of single family detached homes were up by about 26 per cent from the same time last year, with only a slight decrease in the average sale price, less than point 54 per cent.

In 2017, 43 properties were sold for the price of $577,714 and in 2018, 54 were sold for the average price of $574,594.

Currently there are 332 listings on the market, down about 29 per cent from last years 470.

They are expecting similar reports throughout the fall.