Is Edmonton's Real Estate Market Slowing Down?

Posted by Derek Hulewicz on Monday, April 9th, 2018 at 10:19am.

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!

grapg for average selling price of homes sold in edmonton from january of 2012 to march of 2018

grapg for average selling price of condos sold in edmonton from january of 2012 to march of 2018

graph for number of sales for homes sold in edmonton from january of 2012 to march of 2018

grapg for agraph for average days on market for homes sold in edmonton from january of 2012 to march of 2018

grapg for avegrapg of inventory of homes for sale in edmonton from january of 2012 to march of 2018

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

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