Edmonton's single detached homes and condo prices are up slightly in May of 2015 despite rising inventory!

The average price for a single family detached home in May of 2015 was $451,312, up by 2.8 percent from last month, and up by 3% from May of 2014. The condo prices were also up by 1.2% at $256,143 from $252,935. Total of 1,784 residential properties have sold in the 5th month of 2015, 9.5% less than same period last year. The inventory increased to 7,303 residential properties available compared to 6,784 last months and 5.634 in May of 2014. Average Days-On-Market were up by 1 days at 45.

All the information in this article has been provided by Realtors® Association of Edmonton!

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