The average price for a single family detached home in November of 2020 was $439,103 down by 0.86% from last month and up by 4.39% from November of 2019. Condo prices were also down slightly by 0.40% at $230,688 from last month and up by 1.18% compared to last year.
Total of 1,399 residential properties have sold in the 11th month of 2020, 16.23% less than in October and 27.18% more than in the same period last year. The inventory decreased to 6,205 residential properties available compared to 6,967 last month and 7,923 in November of 2019. It took on average 69 days for all these residential properties to sell, 15 days longer than compared to 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