Edmonton Housing Market Remains Stable!

Posted by Derek Hulewicz on Friday, March 3rd, 2017 at 12:54pm.

February was definitely a busy month for all the realtors compared to last year. Despite weaker economy, the Edmonton's real estate market is better than many have thought.

The average price for a single family detached home in February of 2017 was $427,726 up by 2.61% from last month and up by 1.85% from February of 2016. The condo prices were down by 6.51% at 230,661 from $246,727 last month.

Total of 1,060 residential properties have sold in the 2nd month of 2017, 43.6% more than in January and 26.6% more than in same period last year. The inventory increased to 6,108 residential properties available compared to 5,594 last months and 6,681 in February of 2016. Average Days-On-Market were down by 7 days at 65.

All the information in this article has been provided by Realtors® Association of Edmonton!

graph for average selling price for houses in edmonton from january of 2011 to february of 2016

graph for average selling price for condos in edmonton from january of 2011 to february of 2016

graph for number of houses and condos soldin edmonton from january of 2011 to february of 2016

graph for average days on market for properties sold in edmonton from january of 2011 to february of 2016

graph for residiantial inventory of homes for sale in edmonton from january of 2011 to february of 2016

Brought to you by Edmonton homes for sale blog!

Blog Author: Derek Hulewicz, REALTOR® at RE/MAX Real Estate Edmonton phone: 780-220-4224

1 Response to "Edmonton Housing Market Remains Stable!"

Marry Calrie wrote: Finding house rentals in Edmonton is a serious business. I personally experience beginning with Mainstreet which is extremely oriented with top websites for rentals apartment. Posted on Thursday, April 27th, 2017 at 5:45am.

1 Response to "Edmonton Housing Market Remains Stable!"

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