Decline in Edmonton's Real Estate Market!

Posted by Derek Hulewicz on Wednesday, February 3rd, 2016 at 8:10am.

The average price for a single family detached home in January of 2016 was $418,928, down by 1.3 percent from last month and down by 1.2% from January of 2015. The condo prices were also down by staggering 10.3% at $227,052 from $252,954.

Total of 618 residential properties have sold in the 1st month of 2016, 7.2% less than same period last year. The inventory increased to 5,751 residential properties available compared to 5,088 last months and 4,132 in January of 2015. Average Days-On-Market were up by 9 day at 71.

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

average selling prices graph of homes sold in edmonton from january of 2010 to january of 2016

average selling prices graph of condos sold in edmonton from january of 2010 to january of 2016

number of homes sold in edmonton graph from january of 2010 to january of 2016

days on the market graph of homes being sold in edmonton from january of 2010 to january of 2016

inventory graph for homes for sale in edmonton from january of 2010 to january 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

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