Despite Higher Inventory, Edmonton Real Estate Market Remains Stable!

Posted by Derek Hulewicz on Monday, June 6th, 2016 at 9:08am.

The average price for a single family detached home in May of 2016 was $440,573, almost identical as last month and down by 1% from May of 2015. The condo prices were up by 1.4% at 254,555 from $250,869.

Total of 1,771 residential properties have sold in the 5nd month of 2016, 18% more than in April and 1% less than in same period last year. The inventory increased to 8,153 residential properties available compared to 8,033 last months and 7,303 in May of 2015. Average Days-On-Market were up by 14 days at 54.

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

graph for prices of single detached homes sold in edmonton between january of 2010 to may of 2016

graph for prices ofgraph for  condos sold in edmonton between january of 2010 to may of 2016

graph for number of residential properties sold in edmonton between january of 2010 to may of 2016

graph for average days on the market for homes sold in edmonton between january of 2010 to may of 2016

graph for inventory of homes for sale in edmonton between january of 2010 to may of 2016

Brought to you by Edmonton homes for sale blog!

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

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