The average price for a single family detached home in May of 2021 was $465,551 up by 1.6% from last month and up by 12.9% from May of 2020. Condominium prices were also up by 5.7% at $241,885 from last month and up by 18.4% compared to last year.
Total of 2,741 residential properties have sold in Greater Edmonton Area in May of 2021, 4.3% less than in April and 137.1% more than in the same period last year. The inventory increased to 7,573 residential properties available compared to 7,035 last month and 7,749 in May of 2020. It took on average 33 days for all these residential properties to sell, 4 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
