The average price for a single family detached home in July of 2015 was $436,948, down by 1.8 percent from last month, and up by 2.3% from July of 2014. The condo prices were up slightly by 0.4% at $256,708 from $255,662. Total of 1,812 residential properties have sold in the 7th month of 2015, 2.8% less than same period last year.
The inventory increased to 7,226 residential properties available compared to 7,177 last months and 5,609 in July of 2014. Average Days-On-Market were down by 1 day at 48.
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