Buy, Buy, Buy!
Wednesday, December 12th, 2018November 2018 stats for the City of Edmonton are looking a little “slushy”! Our market continues to soften.
Although our inventory numbers are decreasing, it is not only from sales, but from expired listings. We are now 6 months into a Buyers Market. Single family dwelling average price took a hit year over year by 5.3% and month over month 2.1%. This is now the second month running of a buyer’s market in this product.
Condos continue to slide downward, year over year 7.3% but month over month .2% which caused the product to remain flat. Still a strong buyer’s market at 8.7 months worth of inventory.
Duplex/Rowhouses were showing some promise with a 2.7% increase month over month, but tempered by a 2.8% decrease year over year. This category is also favoring buyers with 6.5 months of inventory.
So now is the time to BUY!
Wishing you and yours a very MERRY CHRISTMAS and a SUCCESSFUL 2019!!
