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Edmonton Real Estate Market Update March 2018

Blog by Sara Kalke | March 6th, 2018

Here is the latest information from the REALTORS Association of Edmonton.

My top 3 take-aways:

  1. Median home sale prices are about the same as they were a year ago,
  2. Condo median sale prices are also about the same as they were a year ago,
  3. Total inventory is up just over 8% from last year
Both of these show that our market seems to be stabilizing, but price is key in order to be one of the properties that sell, especially as inventory starts to increase into the spring.

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Unit sales and average prices increase for the spring market

Edmonton, March 2, 2018: Spring has hit the real estate market in the Edmonton Census Metropolitan Area (CMA), bringing strong unit sales and average price increases.

When compared to January 2018, unit sales across all categories increased, with single family home sales increasing 22.97%, condo sales increasing 14.17% and duplex/rowhouse sales increasing 21.28%. Year over year single family homes unit sales decreased 4.21%, condo sales decreased 4.92% and duplex/rowhouses sales decreased 7.32%. Year to date sales for all residential categories was up 2.43% compared to February 2017.

Full Article is found HERE