The average price for a single family detached home in July of 2016 was $450,366, up by 3% from last month and up by 3% from July of 2015. The condo prices were down by 2% at 257,482 from $263,366.
Total of 1,515 residential properties have sold in the 7nd month of 2016, 15% less than in June and 16% less than in same period last year. The inventory decreased to 8,048 residential properties available compared to 8,179 last months and 7,226 in July of 2015. Average Days-On-Market were up by 3 day at 56.
All the information in this article has been provided by Realtors® Association of Edmonton!
Brought to you by: Edmonton homes for sale blog
Blog Author: Derek Hulewicz, REALTOR® at RE/MAX Real Estate Edmonton phone: 780-220-4224
