The average price for a single family detached home in August of 2020 was $439,605, up by 0.79% from last month and up by 1.86% from August of 2019. Condo prices were also up by 1.79% at $229,172 from last month and down by 2.23% compared to last year. Total of 1,881 residential properties have sold in the 8th month of 2020, 13.08% less than in July and 20.11% more than in the same period last year. The inventory decreased to 7,553 residential properties available compared to 7,714 last month and 8,818 in June of 2019. It took on average 52 days for all these residential properties to sell, 2 days less than last month. 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