The stats are out. And, July was a slower month. That is to be expected with summer holidays, but our sales were lower than normal. We had 1294 sales in July and that is off our normal range of 1500-1800. It is way off July of 2009's numbers of 2223, but last year was an exception. 2009 started with record low sale numbers due to the financial crisis and then turned sharply up with pent up demand that came through in the spring. The inventory has finally crested at 8892 homes and condos for sale in the metro Edmonton area. The inventory should continue to fall as homes sell and come off the market. I've attached a graph showing the inventory and sales levels to put it into perspective.
