Edmonton's single detached house and condo prices, number of sales, and average days-on-market were down slightly in January, while inventory was up compared to 2014!
The average price for a single family detached home in January was $429,470 down by 0.5% from last month, and up by 2.5% from January of 2014. The condo prices were also down slightly by 0.1% at $247,178. Total of 666 residential properties have sold in the first month of 2014, 18% less than same period last year. The inventory increased to 4,132 residential properties available compared to 3,059 last months and 3,537 in January of 2014.
All the information in this article has been provided by Realtors® Association of Edmonton!
Below you will find five graphs that correspond to the above statistics:
Blog Author: Derek Hulewicz, REALTOR® at RE/MAX Real Estate Edmonton phone: 780-220-4224