The average price for a single family detached home in August of 2018 was $424,471 down by 2.83% from last month and down by 3.23% from August of 2017. The condo prices were also down slightly by 0.57% at 244,701 from $246,115 last month.
Total of 1,567 residential properties have sold in the 8th month of 2018, 4.51% less than in July and 1.63% more than in same period last year. The inventory decreased to 9,618 residential properties available compared to 10,094 last months and 8,570 in August of 2017. Average Days-On-Market were up by 7 days at 64.
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
