Edmonton Real Estate Market Down Slightly in December of 2019

Posted by Derek Hulewicz on Tuesday, January 7th, 2020 at 12:57pm.

Wow, what a year has it been! Despite Alberta's weak economy, Edmonton's housing market seems to remain intact. Overall, all residential properties in Edmonton and surrounding area were down by 2.36% compared to same period last year. On the positive note, we finished the year with low inventory which maybe a sign of improving market conditions for 2020.

The average price for a single family detached home in December of 2019 was $411,317 down by 2.22% from last month and up by 4.08% from December of 2018.The condo prices were also down slightly by 0.46% at $226,943 from $228,113 last month.

Total of 843 residential properties have sold in the last month of 2019, 23.22% less than in November and 9.77% more than in same period last year. The inventory decreased to 5,961 residential properties available compared to 7,923 last months and 6,394 in November of 2018. Average Days-On-Market were same as in November at 69.

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

real estate data for average selling price of houses sold in Edmonton from January of 2012 to December of 2019

real estate data for average selling price of condos sold in Edmonton from January of 2012 to December of 2019

real estate data for number of residential properties sold in Edmonton from January of 2012 to December of 2019

real estate data for average days on market for properties sold in Edmonton from January of 2012 to December of 2019

real estate data for residential inventory of properties for sale in Edmonton from January of 2012 to December of 2019

real estate data for all residential properties sold and for sale in Edmonton from January of 2012 to December of 2019

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

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