Edmonton real estate market was up slightly in April of 2020, while number of residential sales were down substantially due to the Covid 19 pandemic!
The average price for a single family detached home in April of 2020 was $410,200 up by 1.45% from last month and down by 2.80% from April of 2019. Condo prices were also up by 2.47% at $224,022 from $218,613 last month.
Total of 750 residential properties have sold in the 4th month of 2020, 35.68% less than in March and 55% less than in same period last year, which is due to the Covid 19 pandemic.
The inventory decreased to 7,237 residential properties available compared to 7,346 last month and 9,015 in April of 2019.
It took on average 64 days for all these residential properties to sell, 4 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 Select Edmonton phone: 780-220-4224