Modest Showing in Local Housing Market in March

A decent amount of homes were sold in March despite the COVID-19 pandemic.

That’s according to the Fort McMurray REALTORS monthly report which noted 41 single-family detached homes were bought at an average price of $520,805.

Unsurprisingly, this is down from the 50 homes sold in March 2019 that averaged $540,438.

There are also fewer homes listed on the market than last year – currently sitting at 273.

The REALTORS note there will be a lot of change in the market over the next few months, much like what happened in 2016 after the Horse River wildfire.

Meanwhile, showings for homes continues.

Public open houses are currently restricted, however, realtors are holding virtual ones.

Clients may also be asked not to attend home inspections to help limit the spread of the virus.

Sellers are also being reminded that they must make sure their properties are safe and clean for all inspectors and potential new homeowners.

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