My top 3 take-aways:
- Median home sale prices are about the same as they were a year ago,
- Condo median sale prices are also about the same as they were a year ago,
- Total inventory is up just over 8% from last year
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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.
Full Article is found HERE
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.