The average price for a single family detached home in October of 2016 was $423,755, down by 1.6% from last month and down by 1.7.% from October of 2015. The condo prices were also down by 2.3% at 245,698 from $251,365 last month.
Total of 1,265 residential properties have sold in the 10th month of 2016, 5.5% less than in September and 5.2% more than in same period last year. The inventory decreased to 7,215 residential properties available compared to 7,857 last months and 6,641 in October of 2015. Average Days-On-Market were up by 4 days at 61.
All the information in this article has been provided by Realtors® Association of Edmonton!
Brought to you by Edmonton homes for sale blog!
Blog Author: Derek Hulewicz, REALTOR® at RE/MAX Real Estate Edmonton phone: 780-220-4224
