Edmonton's Housing Market Down In August!

Posted by Derek Hulewicz on Wednesday, September 6th, 2017 at 7:57am.

The average price for a single family detached home in August of 2017 was $438,325 down by 1.92% from last month and down by 0.83% from August of 2016. The condo prices were also down by 6.37% at 245,184 from $261,861 last month.

Total of 1,542 residential properties have sold in the 8th month of 2017, 4.93% less than in July and 2.03% less than in same period last year.The inventory decreased to 8,570 residential properties available compared to 8,756 last months and 7,909 in August of 2016. Average Days-On-Market were up by 4 day at 57.

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 2010 to august of 2017

graph for average selling price for condominiums sold in edmonton from january of 2010 to august of 2017

graph for number of resedential properties sold in edmonton from january of 2010 to august of 2017

graph for average days on market of homes sold in edmonton from january of 2010 to august of 2017

graphgraph for residential inventory of homes for sale in edmonton from january of 2010 to august 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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