The housing sector is starting to feel the toll of the COVID-19 pandemic.
According to the Fort McMurray REALTORS April report, 13 single-family detached homes were sold at an average price of $452,638.
Last April, 55 homes were sold selling for around $100,000 more.
The REALTORS note April’s numbers are similar to those in May 2016, which was when the community had to evacuate due to the Horse River wildfire.
“Fort McMurray has been hit again with another tragedy to overcome with the flooding of Downtown, Waterways/Draper Road. All of this during the COVID-19 pandemic, which is a reflection on the report for last month,” read the report.
When adding up the totals of the first four months, the numbers are closer year-over-year.
From January to April, 158 homes have been bought at an average of $500,000. This is slightly down from the 167 sold in 2019 averaging $525,000.
Meanwhile, buyers and agents are being reminded that some sellers are requesting they wear a mask, use gloves, and use hand sanitizer when touring a home.