Edmonton Housing Market Shows Signs Of Weakness In January of 2019

Posted by Derek Hulewicz on Tuesday, February 5th, 2019 at 10:34am.

The average price for a single family detached home in January of 2019 was $404,275 down by 5.52% from last month and down by 6.04% from January of 2018. The condo prices were up by 6.18% at $218,680 from $205,947 last month.

Total of 799 residential properties have sold in the first month of 2019, 9.75% more than in December and 15.00% less than in same period last year. The inventory increased to 7,092 residential properties available compared to 6,394 last months and 6,165 in January of 2018. Average Days-On-Market were up by 10 days at 84.

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

real estate graph for all the statistics of homes sold in Edmonton from January of 2013 to January of 2019

real estate graph for all the statistics of condos sold in Edmonton from January of 2013 to January of 2019

real estate graph for all the statistics of number of properties sold in Edmonton from January of 2013 to January of 2019

real estate graph for all the statistics of average days on market of homes sold in Edmonton from January of 2013 to January of 2019

real estate graph for all the statistics of inventory of homes for sale in Edmonton from January of 2013 to January of 2019

 

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

1 Response to "Edmonton Housing Market Shows Signs Of Weakness In January of 2019"

Peter B Mason wrote: Thanks for the insights, 15% drop year over year is substantial. Posted on Sunday, February 17th, 2019 at 11:02am.

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