Should we worry? Despite number of sales decreasing month to month and residential inventory increasing, the housing prices in Edmonton and surrounding area are holding. The average price for a single family detached home in September of 2017 was $430,644 down by 1.75% from last month and up by 0.17% from September of 2016. The condo prices were up by 2.91% at 252,313 from $245,184 last month.
Total of 1,341 residential properties have sold in the 9th month of 2017, 13.04% less than in August and 6.25% less than in same period last year. The inventory decreased to 8,331 residential properties available compared to 8,570 last months and 7,857 in September of 2016. Average Days-On-Market were up by 3 day at 60.
All the information in this article has been provided by Realtors® Association of Edmonton!
Brought to you by Edmonton Homes For Sale Blog!
Blog Author: Derek Hulewicz, REALTOR® at RE/MAX Real Estate Edmonton phone: 780-220-4224
