As prices of homes in Edmonton and surrounding areas remain stable, we have seen increase in inventory in 2018 and decrease in number of sales compared to last few years.
The average price for a single family detached home in March of 2018 was $444,091 up by 0.43% from last month and up by 1.06% from March of 2017. The condo prices were down by 1.1% at 234,212 from $236,808 last month. Total of 1,294 residential properties have sold in the 3rd month of 2018, 23% more than in February and 11.73% less than in same period last year. The inventory increased to 7,963 residential properties available compared to 6,797 last months and 6,806 in March of 2017.
Average Days-On-Market were down by 5 day at 60. All the information in this article has been provided by Realtors® Association of Edmonton!
Brought to you by: Edmonton Homes For Sale, Edmonton Real Estate
Blog Author: Derek Hulewicz, REALTOR® at RE/MAX Real Estate Edmonton phone: 780-220-4224