The average price for a single family detached home in December of 2020 was $428,900 down by 2.32% from last month and up by 4.24% from December of 2019. Condominium prices were also down by 5.57% at $217,843 from last month and down by 3.68% compared to last year.
Total of 1,107 residential properties have sold in the last month of 2020, 20.65% less than in November and 31.47% more than in the same period last year. The inventory decreased to 5,005 residential properties available compared to 6,205 last month and 5,961 in December of 2019. It took on average 58 days for all these residential properties to sell, 11 days less than compared to 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