The average price for a single family detached home in December of 2018 was $427,892 up by 1.46% from last month and up by 2.68% from December of 2017. The condo prices were down by 5.72% at $205,947 from $218,443 last month.
Total of 728 residential properties have sold in the 12th month of 2018, 30.13% less than in November and 19.65% less than in same period last year. The inventory decreased to 6,394 residential properties available compared to 7,741 last months and 5,736 in December of 2017. Average Days-On-Market were up by 6 days at 72.
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