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Boring is Good! Edmonton Real Estate Sales and Prices Steady

Blog by Sara Kalke | December 7th, 2015

The latest news is out from the REALTORS® Association of Edmonton. 

As always, here are my top 3 points from this data:
  1. Year over year prices have dropped, by 2.62% for single family houses to 0.87% for condos
  2. Inventory of houses for sale is still up 54% from last year, this number has been steadily increasing throughout the year.  Remember last year's market had a shortage of inventory.
  3. Total MLS sales this month were down only 5.04% from last year, compared to 23% in October, 10% in September, and 11% in August. 

The great news is that we aren't seeing major price changes, and houses are still selling.  What I am seeing on the ground is that buyers are getting more for their money than they were last year generally, a change which isn't always reflected in averages.  In any case, some happy news before Christmas is most certainly welcome.

Sara Kalke

Direct: 780-710-7669

November sales down less than 3% from last year

Edmonton, December 2, 2015: Edmonton’s housing market saw strong sales numbers in November. November’s all residential reported sales were down only 2.9% year-over-year (YoY), a notable improvement compared to October 2015 numbers which saw a 15% drop compared to October 2014. The average residential sales price in November for the Edmonton Census Metropolitan Area (CMA) dipped slightly by 3.1% YoY, however average year-to-date prices in November 2015 remain strong year-to-date (YTD) and are up 1.5% compared to November 2014 YTD.

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold 
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses. 
6 Includes residential, rural and commercial sales