The average price for a single family detached home in November of 2018 was $421,715 down by 0.97% from last month and down by 4.55% from November of 2017. The condo prices were also down by 1.29% at $218,443 from $2221,293 last month.
Total of 1,042 residential properties have sold in the 11th month of 2018, 9.78% less than in November and 10.56% less than in same period last year. The inventory decreased to 7,741 residential properties available compared to 8,363 last months and 7,030 in November of 2017. Average Days-On-Market were down by one day at 66.
All the information in this article has been provided by Realtors® Association of Edmonton!
Blog Author: Derek Hulewicz, REALTOR® at RE/MAX Select Edmonton phone: 780-220-4224