The average price for a single family detached home in October of 2020 was $442,854 up by 0.72% from last month and up by 5.50% from October of 2019. Condo prices were down by 1.34% at $231,608 from last month and up by 1.67% compared to last year.
Total of 1,674 residential properties have sold in the 10th month of 2020, 10.48% less than in September and 26.34% more than in the same period last year. The inventory decreased to 1,674 residential properties available compared to 7,248 last month and 7,926 in October of 2019. It took on average 50 days for all these residential properties to sell, 3 days less than last month.
All the information in this article has been provided by Realtors® Association of Edmonton!
Blog Author: Derek Hulewicz, REALTOR® at RE/MAX Real Estate Edmonton phone: 780-220-4224