Edmonton Real Estate Market Remains Stable While Inventory On The Rise!

Posted by Derek Hulewicz on Thursday, October 5th, 2017 at 10:01am.

Should we worry?  Despite number of sales decreasing month to month and residential inventory increasing, the housing prices in Edmonton and surrounding area are holding.  The average price for a single family detached home in September of 2017 was $430,644 down by 1.75% from last month and up by 0.17% from September of 2016. The condo prices were up by 2.91% at 252,313 from $245,184 last month.

Total of 1,341 residential properties have sold in the 9th month of 2017, 13.04% less than in August and 6.25% less than in same period last year. The inventory decreased to 8,331 residential properties available compared to 8,570 last months and 7,857 in September of 2016. Average Days-On-Market were up by 3 day at 60.

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

graph for average selling price for single detached homes sold in Edmonton from january of 2011 to september of 2017

graph for average selling price for condos sold in Edmonton from january of 2011 to september of 2017

graph for number of residential properties sold in Edmonton from january of 2011 to september of 2017

graph for average days on market fro homes sold in Edmonton from january of 2011 to september of 2017

graph for residential inventory for homes for sale in Edmonton from january of 2011 to september of 2017

Brought to you by Edmonton Homes For Sale Blog!

 

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

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