The average price for a single family detached home in September of 2018 was $431,745 up by 1.71% from last month and up by 0.25% from August of 2017. The condo prices were down slightly by 1.53% at 240,953 from $244,701 last month.
Total of 1,225 residential properties have sold in the 9th month of 2018, 21.83% less than in August and 8.24% more than in same period last year. The inventory decreased to 8,969 residential properties available compared to 9.618 last months and 8,331 in September of 2017. Average Days-On-Market were up by 3 days at 67.
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