"The pipeline debacle, interest rate increases and tougher lending rules continue to hurt Alberta's economy and real estate market. During difficult times it becomes more important to seek the expertise of a professional and be fully informed on pricing, market conditions and mortgage approvals." Susi Woulds, Remax Landan
August Market Data:
. Total Sales: 1,490, down 6.58% year over year.
. New Listings: 3,060, up 1.86% year over year.
. Total Listings: 8,121, up 22.69% year over year.
. Average Days on Market: 56, up from 45 last year.
Benchmark Sale Prices:
. Detached House: $497,000, down 2.59% year over year.
. TownHouse Condo: $327,500, down 2.67% year over year.
. Apartment Condo: $258,100, down 2.09% year over year.